Georgian Embassy in Azerbaijan Say Russia Bombs Baku-Tbilisi-Ceyhan Pipeline

Oil&Gas Materials 13 August 2008 17:59 (UTC +04:00)

Azerbaijan, Baku, 13 August / Trend / Russian militaries used the rocket system Iskandar (SS26) to bomb the Baku-Tbilisi-Ceyhan (BTC) oil pipeline during the Georgian-Ossetin conflict, Georgian Embassy in Azerbaijan reported.

The similar rocket system was used when Russia bombed Tskhinvali, Gori, Careli and Caspian cities. 

Anatoliy Nogovitsin, deputy chief of Russian General Stuff said in the news-conference in the RIA Novosti information agency that "Nobody has bombed the BTC pipeline. Explosion of pipeline worsens humanitarian catastrophe".

At present, oil pump via BTC has suspended due to the fire. However, the fire had occurred on the pipeline before the military actions in the course of Georgian-Ossetin conflict.

The total length of BTC is 1,768km, 443km running through Azerbaijan, 249 - Georgia and 1,706 - Turkey. The construction of the pipeline began in April 2003 and it was made operational on 18 May 2005.

The construction of BTC cost $4bln excluding the expenses incurred to fill the pipeline, financial expenditures and payment of the bank interest rates. The financial credit totaled to $2.6bln.

The shareholders of BTC are BP (30.1%), AzBTC (25%), Chevron (8.90%), StatoilHydro (8.71%), TRAO (6.53%), Eni (5%), Total (5%), Itochu (3.40%), Inpex (2.50%), ConocoPhilips (2.50%) and Hess (2.36%).