Watching Government
Caspian deadlines

04/24/2000
A major Caspian region oil export pipeline must be approved soon to keep exploration active, witnesses have told a US Senate foreign relations subcommittee.John Wolf, US ambassador for Caspian energy issues, said that, unless governments approve terms soon, "It would be a stretch" to get a Baku-Tbilisi-Ceyhan oil export pipeline completed by 2004.David Goldwyn, US assistant energy secretary for international affairs, said Caspian region reserves are comparable to those in the North Sea. The region has 16-32 billion bbl of reserves, he said, and the postulated resource could be as much as 186 billion bbl more-equal to a quarter of reserves in the Middle East."The Caspian region will never ...
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