|
The Baku-Tbilisi-Ceyhan oil pipeline
is being developed by a consortium
of oil companies led by British oil giant BP.
It has obtained the backing of
a number of financial institutions,
including public institutions like the International Finance
Corporation (IFC), the European Bank of Reconstruction &
Development (EBRD), and the Export Credit Guarantee Department
(ECGD).
Much of the construction and
planning work will be carried out not by BP and its partners,
but by a number of contractors
to the company.
|
BP's Sangachal terminal, 20 miles south of Baku.
It is here that Caspian oil will come ashore before entering
the main pipeline
[Yury Urbansky/ CEE Bankwatch Network] |
