Azerbaijan_s delegation to the latest round of talks in Turkey on the Baku Ceyhan oil pipeline project returned to Baku Wednesday evening.
Published:
3 March 2000 y., Friday
The expert working groups that took part in the talks, which began on February 26th, are carefully working out every point in the draft agreement between potential investors and Georgia accross whose territory the pipeline is due to pass, Natik Aliyev, president of Azerbaijani state oil company SOCAR, told reporters on Thursday. "All is being done to ensure the normal functioning of the pipeline over several decades," Aliyev said. Aliyev also said that the talks in Turkey had produced an agreement on one issue that had remained unresolved following talks in Georgia in mid-February.
As Interfax has learned from informed sources, until recently the main point of contention in the talks had been the issue of Georgia_s responsibility for pipeline security in force-majeur circumstances: natural disasters, terrorism or vandalism. The draft agreement contains a clause on "comprehensive damages" under which Georgia will be responsible for financing the costs of correcting damage to the pipeline within Georgia, as well as for paying compensation for damages to the consortium, including losses from lower oil production and idle tankers and refining capacity in Ceyhan. Georgia says it cannot afford to accept those liabilities. Officials in Tbilisi say the draft agreement is a threat to Georgia_s sovereignty and perhaps even its independence. If a terrorist attack were to take out one of three $55 million - $60 million substations in Georgia, the costs under the "comprehensive damages" clause would total at least $150 million.
Šaltinis:
Interfax
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
According to the data presented by the Ministry of Finance, in end-January central government debt made up LTL26, 310.8 million or 28% of projected GDP for 2010 (LTL 93, 819 million).
more »
As far as countries affected by the economic crisis, China fared extremely well.
more »
The European Commission has authorised today a Slovak scheme with a budget of approximately €3.32 million which aims at supporting farmers in Slovakia who encounter difficulties as a result of the current economic crisis.
more »
Commission sets out a 10-year strategy for reviving the European economy, casting a vision of ‘smart, sustainable, inclusive' growth rooted in greater coordination of national and European policy.
more »
The European Commission has launched today the Europe 2020 Strategy to go out of the crisis and prepare EU economy for the next decade. The Commission identifies three key drivers for growth, to be implemented through concrete actions at EU and national levels.
more »
Launching of the “SCHOOLS’ initiative for innovation and changes” Grant scheme.
more »
EU Member States must not only deliver on their international aid pledges, but also bring in a financial transactions tax and a temporary debt moratorium, to help developing countries to cope with the effects of the global financial and economic crisis, said the Development Committee on Monday.
more »
The EBRD is increasing its commitments to promote sustainable energy projects in Slovakia with a new €90 million funding under the existing Slovakia Sustainable Energy Finance Facility (SLOVSEFF) to ensure continuous implementation of energy efficiency and small renewable energy projects.
more »
According to the unaudited data, in 2009 AB Bank SNORAS earned LTL 8.7 million profit. The bank’s assets grew by 11 per cent up to LTL 6.342 billion during 2009 and were by LTL 647.8 million larger than at the beginning of 2009.
more »
Aviation security measures that go beyond common EU requirements should be paid for by Member States, not by passengers, said Transport Committee MEPs in a vote on Monday that could put Parliament on a collision course with the Council of Ministers.
more »