Essay on Btc Pipeline: Turkish Delight or Russian Roulette?

1254 Words Apr 30th, 2013 6 Pages
INTRODUCTION Baku-Tbilisi-Ceyhan (BTC) pipeline is an oil pipeline that transports crude oil Caspian Sea to the Turkish coast, over three countries.

BTC Company is a joint venture company responsible for the construction and operation of the whole $4bn pipeline, led by BP as majority shareholder.

Spread across Azerbaijan, Georgia and Turkey largest cross-border infrastructure construction project in the world dubbed the “contract of the century”. Financing was agreed after over two years of appraisal of the potential environmental and social impacts relating to the project.

An underlying strategy is to reduce dependency on OPEC oil producers in the turbulent Middle East and to avoid Russia seen by America as a resurgent
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