TODAY.AZ / Business

BP Vice President: "Commissioning of the BTC will release a burden on Turkey’s straights"

22 May 2006 [17:18] - TODAY.AZ
"We spent more funds on the construction of the Baku-Tbilisi-Ceyhan main export oil pipeline, as we knew that in 2009 4% of all world oil will be delivered to the world oil markets via Turkey – through the BTC and the Bosporus and Dardanelle," BP Vice President Ian Palliser told.

According to Regnum, the company has been working with the Turkish government for a long time over the BTC project implementation, construction of the pipeline is close to completion and the first tanker will leave the Turkish port of Ceyhan this spring. “It will enable Turkey to become an 'energy bridge' between the oil and gas producers and the European and other markets," Palliser is quoted as saying, adding that the ceremony of BTC opening will be held in summer.

"We also deliver tankers via the straights, which increases the burden of the Bosporus and Dardanelle. As more oil is pumped via the BTC as less crude will run via the straights," Ian Palliser concluded.


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