| BTC CO. |
|
|
|
| Tuesday, 27 March 2007 | |||||||||||||||||||||||||||||||||||||
|
BTC Pipeline Company (BTC Co) has been recently formed and is
responsible for the construction and operation of the whole
Baku-Tbilisi-Ceyhan pipeline. There are currently 11 participating
companies, representing nine countries, and led by BP who will be the
pipeline operator. BOTAS, the state petroleum pipeline company of
Turkey, is contracted to BTC Co to construct and operate the line in
Turkey under a Lump Sum Turnkey Agreement (LSTK).
BP and the State Oil Company of the Azerbaijan Republic (SOCAR) have the largest shareholdings in BTC Co, and between them hold 55% of the equity (see Table)
Equity participation in the BTC Pipeline Company (BTC Co)
|
|||||||||||||||||||||||||||||||||||||
