ECONOMY
“FIGARO” TELLS OF AZERBAIJANI OIL
The article “Struggle around pipeline” on Baku-Tbilisi-Ceyhan MEP, which will play significant role in the future economic development of Azerbaijan, tells that foreign specialists in the field of oil have doubt in the existence of 200 billion barrels of oil in Azerbaijan. AIOC President David Woodward, however, stated that their doubts were groundless and noted that if bp Company was not sure in the results, it would have never invested USD15 billion. D. Woodward, saying that after the BTC is put into operation, 1 million barrels of oil will be exported daily, stressed that bp is not a charity society.
The article narrates in details the work in bp Baku Office, territory, where the pipeline would pass, the work implemented in Sangachal terminal, as well as remarkable role of Azerbaijan in the development of oil industry. Map of territories, where BTC would be constructed is published in the newspaper as well.