Azerbaijan Pipeline
December
1111--12/24/03 Turkey and Greece Sign Natural Gas Pipeline Agreement ... [Read More]
2003
1111--12/24/03 Turkey and Greece Sign Natural Gas Pipeline Agreement ... [Read More]
US Department Of State Post Report
In November 1999, Azerbaijan signed an agreement with Turkey and Georgia to transport Azerbaijani oil to international markets via a Baku-Tbilisi‑Ceyhan main oil export pipeline to the Mediterranean. In October 2000, the State Oil Company of the Azerbaijan Republic (SOCAR) together with BP, Unocal, Chevron and other foreign oil companies formed a sponsor’s group for the project. In March 2001, the presidents of Azerbaijan and Turkey signed a gas purchase agreement for Azerbaijani exports of gas to Turkey which will reach annual volumes of 6.6 billion cubic meters by 2007. Oil, gas and pipeline development contracts expected to be signed by the end of 2002 should total $12 billion in new investment in Azerbaijan. ... [Read More]
Azerbaijan
Azerbaijan continued to affirm its commitment to an economic transition from central planning to a free market; however, reforms stagnated in practice. Economic growth has been spurred by substantial foreign investment in the hydrocarbon sector, but it is offset by widespread corruption and patronage. While government statistics pointed to continued economic growth during the year, the real economy continues to be affected by a low level of foreign business activity due largely to low oil prices in 1999, a lack of oil industry infrastructure, widespread corruption and a deteriorating business climate. Consistently high oil prices appear to be reversing that trend. The country has rich petroleum reserves and significant agricultural potential. Oil and oil products are the largest export, followed by cotton and tobacco. Other key industries are chemicals and oil field machinery. The government signed new oil production sharing agreements with foreign oil companies and a group of eight oi ... [Read More]
Eurasia-Caucasus Archive - US Department of State
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U.S.-Turkey Joint Statement Reaffirming Strategic Energy Cooperation
The Baku-Tbilisi-Ceyhan pipeline is the centerpiece of the East-West Corridor. The two delegations welcomed the commencement of construction in April 2003 on the one-million-barrel-per-day, 1,760 km pipeline, which is now more than 40 percent complete. The first oil from this pipeline will be delivered to world markets in 2005. ... Construction is set to begin next year on the parallel South Caucasus gas pipeline, running from Azerbaijan to Erzurum in central Turkey. Initially, the pipeline is expected to bring 6.6 billion cubic meters of competitively priced Azeri gas to Turkey, and onward to possible markets in Western Europe, in 2006. ... [Read More]
U.S. Assistance to Azerbaijan – Fiscal Year 2004
Security, law enforcement, and nonproliferation assistance remains focused on counterterrorism and counter-narcotics to strengthen Azerbaijan’s capabilities to combat terrorism and related transnational threats, enhance law enforcement, improve military interoperability with the North Atlantic Treaty Organization (NATO), and promote regional stability. The development of an interagency crisis management capability will facilitate a comprehensive response to acts of terrorism, threats to pipeline security, natural disasters, and preventing trafficking in persons, weapons of mass destruction (WMD), criminal elements, and narcotics. ... [Read More]
Georgia Approval of the Baku-Tbilisi-Ceyhan Oil Pipeline
The United States welcomes the approval today by the Government of Georgia of the Baku-Tbilisi-Ceyhan (BTC) oil pipeline. Together with earlier approvals by the Governments of Azerbaijan and Turkey, today's action marks a significant milestone in the development of this project, which will bring welcome investment to Georgia as well as strengthen the sovereignty and independence of countries in the Caspian Basin.We strongly support the host countries and the project developers and commend them for devoting considerable attention to ensuring that the project adheres to the highest standards of environmental stewardship and that it generates economic opportunities for communities along the pipeline route.We look forward to continuing our close cooperation with all the partners in this project a ... [Read More]
Turkey and Greece Sign Natural Gas Pipeline Agreement
The United States congratulates the governments of Turkey and Greece for the agreement signed December 23, 2003, in Ankara to build a natural gas pipeline connecting the two countries. The pipeline initially will deliver 500 million cubic meters of natural gas from Azerbaijan to Greece, via Turkey, beginning in 2006. It will serve not only as another important economic link between Greece and Turkey, but also will provide a new source of natural gas for Greece, with the prospect of connecting to markets in the heart of Europe. Up to 11 billion cubic meters annually of natural gas is targeted for transport to Turkey, Greece and Europe in the second phase of the project. The United States supports the Turkey-Greece pipeline, an important building block of the East-W ... [Read More]
Azerbaijan (10/04)
Azerbaijan has concluded 21 production-sharing agreements with various oil companies. Eastern Caspian producers in Kazakhstan also have expressed interest in accessing this pipeline to transport a portion of their production. Partner sanctions of the Baku-Tbilisi-Ceyhan oil export pipeline was completed in August 2002 and construction awards were announced. Construction began in the second quarter of 2003, with completion projected by the end of 2004. A Baku-Tbilisi-Erzurum gas export pipeline was sanctioned in February 2003. ... [Read More]
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