BAKU (AFX) – Azerbaijan’s state oil company SOCAR, a shareholder in the multinational Baku-Tbilisi-Ceyhan (BTC) oil pipeline project, said it is short of funds to cover its share of the construction costs. “SOCAR itself does not have the money,” company president Natiq Aliyev told reporters in Azerbaijan’s capital, Baku. “SOCAR is a state-owned concern and…
AZERBAIJAN: State oil co needs help to fund share in Baku-Ceyhan pipeline
Posted on May 27, 2003 by EnergyAsia