Politics:

IMPLEMENTATION OF BAKU-TBILISI-CEYHAN PROJECT WILL BE FROZEN

This is attested by the decision of the European Bank of Reconstruction and Development avoiding to finance the doubtful project.

April 1, 2003
As we have already informed, construction of the Baku-Tbilisi-Ceyhan pipeline planned for the end of March is postponed because of the military operation in Iraq. In Baku they are trying to deny this information spread by world agencies quoting a source in the International Oil Corporation of Georgia.
 
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