GEORGIAN CELEBRATIONS MARK MAJOR TOWARDS BTC PIPELINE COMPLETION
вЂњThe inauguration of the Georgian section of the Baku-Tbilisi-Ceyhan oil pipeline marks a major step towards completion of this strategically important energy project, which will deliver a major new oil resource to global markets,вЂќ BTC Co., a pipeline operator, announced on Wednesday.
The official ceremony marking the transit of oil through Georgia was hosted by the Georgia President Mikhael Saakashvili at the BTC pumping station near Gardabani.
It was attended by President Ilham Aliyev, of Azerbaijan, President Ahmet Nejdet Sezer, of Turkey, BP Group of Managing Director Lain Conn and a large group of government officials, senior executives of BTC owner companies and business representatives.
вЂњA project of this scale can only be realized with extraordinary cooperation between the three governments, investors, and the partner companies involved. In total, the value of the BTC investment in Georgia alone will be close to $800m,вЂќ Conn said.
The pumping station inauguration will be followed by the opening of a BTC Cultural Heritage exhibition at the Georgian National Museum and a celebratory concert, featuring British band Simply Red, for the Georgian public at the Locomotive Stadium in Tbilisi.