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Azerbaijan interested in oil transportation via Ashkelon-Eylat pipeline Israeli minister

Oil&Gas Materials 8 June 2006 18:36 (UTC +04:00)

Although agreement for Caspian oil transportation via Ashkelon-Eylat pipeline does not exist yet, Azeri officials are greatly interested in this project, reportedly said Binyamin Ben-Eliezer, Israeli minister of national infrastructure.

В"Executives of SOCAR and BP are studying this project and already stated their interest in this issueВ", - Minister said, adding that the pipeline connecting Mediterranean and Red Sea is ready for operation.

He said that BTC connection to Ashkelon-Eylat pipeline may considerably reduce transport costs. В"Indias and Chinas need in oil are growing day by day and this way will prove to be the shortestВ", - minister concluded.

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