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The pipeline that will change the world - Baku-Tbilisi-Ceyhan is in business
The first drops of crude will snake their way along a pipeline that traverses some of the most unstable and war-ravaged countries on earth. This is the oil flow that was meant to save the West, and this morning the taps were turned on.Only 42 inches wide, the Baku-Tbilisi-Ceyhan was supposed to alter global oil markets forever. The 1,000-mile project has transformed the geopolitics of the Caucasus and its impact is now being felt in the vastness of central Asia. Output is supposed to reach one million barrels a day - more than 1 per cent of world production - from an underground reserve that could hold as many as 220 billion barrels. Posted by: TMH 2005-05-25 |
| http://www.rantburg.com/poparticle.php?ID=119995 |