TURKISH SECTION OF BTC TO BE READY IN ACCORDANCE WITH SCHEDULE, TURKISH AMB ASSURES
The construction of the Baku-Tbilisi-Ceyhan main export oil pipeline will be complete in accordance with schedule, Turan Moraly, the Turkish Ambassador to Azerbaijan, told Trend.
The diplomat excluded any possible delay in the construction, and even the payment of fines in this respect. The BTC will be commissioned on 27 October 2005, as it was originally scheduled, he stressed.
In accordance with the BTC project, Turkey was committed to pay $500,000 to the consortium for each day of delay, while the entire term of delay was not to exceed 240 days.
Meanwhile the Turkish media reports that the construction work in the 1076km-long Turkish section of the pipeline is complete 97.5%.