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Tuesday, 01 June 2004

BOTAS TO FINISH TURKISH SECTION OF BTC PIPE ON TIME

Published in News Digest

By empty (6/1/2004 issue of the CACI Analyst)

Turkey\'s Botas, the operator for the construction of the Turkish section of the Baku-Tbilisi-Ceyhan pipeline, plans to complete this section on time - in December 2004- January 2005, company General Director Mehmet Bilgic told journalists in Baku on Monday He said steps have been taken to make up for delays. \"At the moment any delays are not being discussed. The Turkish government has set Botas the task of completing construction on time, and we will do everything possible for this,\" he said.
Turkey\'s Botas, the operator for the construction of the Turkish section of the Baku-Tbilisi-Ceyhan pipeline, plans to complete this section on time - in December 2004- January 2005, company General Director Mehmet Bilgic told journalists in Baku on Monday He said steps have been taken to make up for delays. \"At the moment any delays are not being discussed. The Turkish government has set Botas the task of completing construction on time, and we will do everything possible for this,\" he said. The Botas chief said that some delays are natural in a project of this scale. \"Our aim is to complete the construction process on time for the agreed amount of $1.4 billion. Here, any deviation is not even up for discussion,\" Bilgic said. The future pipeline will stretch 1,767 kilometers (443 km through Azerbaijan, 248 km through Georgia and 1,076 km through Turkey) and will have a capacity of 50 million tonnes of oil per annum. The Baku- Tbilisi- Ceyhan project will cost $3.6 billion. Participants in the BTC project are: British Petroleum (30.1%), SOCAR (25%), Unocal (8.9%), Statoil (8.71%), TPAO (6.53%), ENI (5%), Itochu (3.4%), ConocoPhillips (2.5%), Inpex (2.5%), TotalFinaElf (5%), and Amerada Hess (2.36%). BTC signed a contract with Botas to build the Turkish section of the pipeline, costing $1.4 billion. (Interfax)
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