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Alternative Pipeline Will Function Irrespective of Severe Resistance

Oil&Gas Materials 12 May 2007 15:07 (UTC +04:00)
Alternative Pipeline Will Function Irrespective of Severe Resistance

Georgia, Tbilisi / corr. Trend N.Kirskhalia / The President of Georgia, Mikhail Saakashvili, briefed the Georgian media upon the completion of the energy summit in the Polish city of Krakow that despite numerous obstacles and barriers, establishing alternative pipeline from Azerbaijan to Europe took place.

During the summit, the Presidents of Azerbaijan, Georgia, Ukraine, Poland and Lithuanian reached an agreement on establishing alternative pipeline. This route will deliver energy resources to Europe. A special company will be created to realize the agreement. The Kazakh oil will also be transported via this corridor. This project envisages delivering energy resources to Europe by passing away from Russia. "Practically we based the new oil route to Europe, which will function on par with the existing Baku-Tbilisi-Ceyhan pipeline. Both projects assume a great significance and the new project is also of large strategic importance," the President said.

Saakashvili stressed that factually Russia organized an alternative summit attended by Kazakhstan and Turkmenistan, but it did not prevent reaching a framework agreement on establishing a new route of Caspian oil to Europe via Georgia, Ukraine and Poland. "This decision was made although no-one was expecting it, and large resistances were made to the establishment of the route," the Georgian Leader said.

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