OPIK TO POLITICALLY INSURE BAKU-TBILISI-CEYHAN OIL PIPELINE
The Oversea Private Investments Corporation /OPIC/ will allot $100 million for political insurance of commercial banks’ funds crediting Baku-Tbilisi-Ceyhan oil pipeline, the Corporation’s office in Washington reported. OPIC states that pipeline route was thoroughly chosen in line with the local and international security, protection of human rights, environment and social problems.
OPIC president maintains that this project would contribute to the integration of Caucasus in the global economy and be of benefit to the development of the nations the territories of which it would pass.
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