BAKU (AFX) – Partners in the Baku-Tbilisi-Ceyhan (BTC) oil pipeline will lend Azerbaijan nearly US$200 million to cover its share of construction costs, project operator BP PLC said. The bridging loan to Azerbaijan’s state oil company SOCAR irons out an obstacle that could have held up work on the pipeline, which will deliver crude oil…
AZERBAIJAN: BTC pipeline partners agree to bail out Azeri state oil company
Posted on August 19, 2003 by EnergyAsia