Today is a historical day. Baku-Tbilisi-Ceyhan pipeline is put in operation. New oil policy started in Azerbaijan in 1994 with signing the Contract of the Century. The oil produced at Azeri-Chirag-Guneshli field is exported to world markets, Trends special correspondent reports quoting President of Azerbaijan Ilham Aliyev speaking today in port Ceyhan on the occasion of putting in operation Baku-Tbilisi-Ceyhan pipeline with throughput capacity 50mln ton a year.
Aliyev said first in history foreign investments have been attracted namely to the Azeri sector of Caspian Sea. В"Today funds obtained from oil projects implementation are intensively used in the country. Azerbaijans economic potential and development made 26% by the totals of 2005 and 40% in first five months of 2006В", he said.
В"This idea has come true only with Contract of the century implementation. There was no trust in BTC around the globe and the project was very difficult to implement. There even were sides that objected this project but joint will of Azerbaijan, Turkey and Georgia make it throughВ", President indicated.
Within 12 years, around $20bn has been invested in Azerbaijan within oil contracts. В"There are three oil pipelines in the republic, BTC the largest. Azerbaijans oil infrastructure upgraded and employs new professionalsВ", said Aliyev.
President of Azerbaijan outlined the role of BP in ACG and BTC projects implementation. He also stated the role of the USA. В"We always felt the US support while implementing both ACG and BTC projectsВ", he said.
BTC project enabled create a unity among the countries partaking in it, as well as oil companies and international financial institutions. All social problems in Azerbaijan might get solved through oil projects implementation. В"Azerbaijan is becoming a very important oil exporting countryВ", he indicated.
President said BTC had given traction to regional development. В"Completion of this project is a new stage of development. This is not only economical, technical and political project, although it faced problems in all these spheres. BTC now is not a regional but a global project. Other countries may use this corridorВ", he promised.
Head of state also mentioned South Caucasian Pipeline project (SCP), whose completion, he said, is really close. В"Earlier, SCP was in the shade of BTC. But now we all see the big role it plays. Gas delivery to Georgia and Turkey via this pipeline has a strategic meaningВ", concluded President of Azerbaijan.