Despite recent gains in momentum, prospects for the Baku-Ceyhan Caspian oil export line remain doubtful

Despite recent gains in momentum, prospects for the Baku-Ceyhan Caspian oil export line remain doubtfulThe proposed Baku-Ceyhan pipe-line-one of several options being considered as the main export route for oil from the Caspian Sea region-has had many opponents and few proponents. The pipeline would ship oil from the Azeri sector of the Caspian to the port of Ceyhan on the Turkish Mediterranean coast.In October, unconfirmed press reports stated that BP Amoco PLC had announced it would back the Baku-Ceyhan pipeline, after opposing it consistently since 1995 (OGJ, Oct. 25, 1999, Newsletter). This development has sparked excitement and new optimism among the interested political parties, inc...

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