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BTC РЎРѕ, Botas International jointly to manage Turkish section of BTC

Oil&Gas Materials 20 July 2006 17:27 (UTC +04:00)

BTC РЎРѕ. and Botas International Limited, founded by the Turkish Botas wil be involved in the management of the Turkish section of the Baku-Tbilisi-Ceyhan (BTC) main export oil pipeline, Trend reports. The management will be carried out only in the subsequent 3 years.

Earlier Botas and BTC РЎРѕ. coordinated major principles of joint activities on the exploitation of the Baku-Tbilisi-Ceyhan main export oil pipeline. The major principle is general management in the territory of Turkey.

Only the Turkish company was expected to manage the pipeline in the territory of Turkey. However, in accordance with the agreement achieved in this respect between the sides, the first three years of pipeline management will be carried out jointly. The two were to be answerable in resolution of problems to arise during the exploitation period.

Shareholders of BTC РЎРѕ. are Р'Р  (30,1%); AzBTC (25,00%); Shevron (8,90%); Statoil (8,71%); TPAO (6,53%); Eni (5,00%); Total (5,00%), Itochu (3,40%); INPEX (2,50%), ConocoPhilips (2,50%) and AmeradaHess (2,36%).

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