British oil major BP is pledging millions of dollars to Georgia as part of the construction of the Baku-Tbilisi-Ceyhan (BTC) pipeline
Published:
12 October 2004 y., Tuesday
British oil major BP is pledging millions of dollars to Georgia as part of the construction of the Baku-Tbilisi-Ceyhan (BTC) pipeline, Prime Minister Zurab Jvania and the company said.
The BTC pipeline, which will take oil from Azerbaijan's side of the Caspian Sea across the Caucasus to the Mediterranean, bypassing Russia, is being built by a BP-led consortium.
The project has sparked protests over environmental concerns, including the fact that it is being built in an earthquake-prone area.
"We are quite satisfied that BP had studied all our demands," Jvania said the day after visiting the controversial portion of the project in the southwestern region of Borjomi with BP representatives, including the head of BP-Azerbaijan, David Woodward.
"This portion of the construction particularly troubles us. A natural reserve is located here and we have done everything so that BP provides all the possible guarantees to preserve the ecology of this area," the prime minister said.
"BP is ready to add 10 million dollars to the current budget aimed at guaranteeing the security of the pipeline," he said.
The British company said in a statement that six million dollars' (4.8 million euros') worth of aid would be provided for security -- notably including the delivery of vehicles for the local law enforcement forces -- and an additional sum of one million dollars per year for "maintenance support" for the life of the pipeline.
Šaltinis:
AFP
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
EBRD to pay 4.6 billion roubles for 11.75 percent stake.
more »
On 24 November in London a letter of intent will be signed between Alytus Municipality and the Spanish aluminium company “Sopena group” regarding investments of the “Sopena group” in Alytus.
more »
Tourism opportunities in Dzūkija Region of Lithuania and other issues of incoming tourism promotion were the main topics of the meeting of the Mixed Intergovernmental Commission on Trade and Economic Cooperation between the People’s Republic of China and the Republic of Lithuania.
more »
On 22-23 November in Kiyv, foreign ministers of Lithuania, Ukraine and Belarus discuss trilateral cooperation and participation of Belarus and Ukraine in the Eastern Partnership of the European Union.
more »
The Kozloduy International Decommissioning Support Fund is supporting an innovative programme to boost energy savings and efficiency of public buildings in Bulgaria with a €5 million grant.
more »
Bank DnB NORD’s Economic Research Group predicts that out of the six Baltic Rim countries, moderate economic growth will be seen in Poland, Finland and, possibly Estonia in 2010, while Denmark, Lithuania and Latvia will need more time to climb out of recession.
more »
In a meeting in Brussels of the European Bank Coordination Initiative held on 19 November 2009, the parent banks of the six largest foreign banks active in Hungary reaffirmed their commitments made in May 2009 to support their subsidiaries.
more »
On 17 November 2009, the Board of AB Bank SNORAS decided to establish the bank’s representative office in London.
more »
The European Commission has approved, under EC Treaty state aid rules, two capital injections in favour of 'The Mortgage and Land Bank of Latvia' (LHZB).
more »
The government of G hana will tomorrow sign an historic agreement with the EU aimed at ensuring that only legally harvested timber from the West African country is exported to the EU market.
more »