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GEORGIA EXPECTS SERIOUS REVENUES FROM TRANSPORTATION OF OIL THROUGH BTC AS OF NEXT YEAR

Oil&Gas Materials 10 August 2005 15:08 (UTC +04:00)

(РљР°vkaz-Press) вЂ" Premier Minister of Georgia Zurab Nogaideli counts on considerable revenues from oil transportation as of the next year, when the Baku-Tbilisi-Ceyhan (BTC) oil pipeline will be commissioned.

At today’s sitting of the government Nogaideli called reaching the Azerbaijan’s oil the Georgian border �a big achievement “ and “important event” both for the country, and for the whole region.

According to him, the official inauguration ceremony of the oil pipeline’s Georgian section will take place in September. Nogaideli considers the BTC project implementation will affect the world prices stabilization, which yesterday hit the record mark of $ 62 per barrel. However, experts suppose, the oil price will reach $100 till the year-end.

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