Caspian realities

Patrick Crow Washington, D.C. The Clinton administration has dropped its push, at least for now, to get an alternative pipeline built to export Caspian Sea production. After meeting with executives of U.S. oil companies active in the Caspian, U.S. officials conceded it is not presently economic to build a $3.5 billion, 1,800-mile pipeline from Baku in Azerbaijan to Ceyhan on Turkey's Mediterranean coast. The U.S. has been trying to encourage construction of an export line that bypassed both Russia and Iran (OGJ, Oct. 26, 1998, pp. 29 and 32). Azerbaijan International Oil Co. (AIOC), a consortium led by British Petroleum Co. plc and Amoco Corp., soon will ...

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