RUSSIAN COMPANY PROBABLY TO PARTICIPATE IN BAKU-JEYHAN OIL PIPELINE CONSTRUCTION

PanARMENIAN.Net - Russian «Lukoil» company will participate in the realization of the project Baku-Tbilisi-Jeyhan. These are sensational results of the short-term visit of company President Vagit Alekperov to Baku. According to Baku mass media, «Lukoil» considers to receive 7.5% share in the consortium. Besides the company hopes also to gain 10-15% share in the project of the development of the «Araz-Alov-Sharg» block. Alekperov has offered the leadership of Azerbaijan's State Oil Company which is the shareholder of 40% of shares to sell the third or the fourth of the share holding.

Baku has not given the final answer to the suggestion yet. It is noteworthy that «Araz-Alov-Sharg» is the block because of which an armed conflict between Azerbaijan and Iran would have appeared in July this year. As it is known, Teheran has enough basis to think the «Araz-Alov-Sharg» belongs to it. It should be reminded that Russia's State Duma had an initiative to ban the Russian companies to participate in the project of the building the Baku-Jeyhan oil pipeline as it contradicts the political and economic interests of Russia. Russia's foreign minister Victor Kolujni stated about the support for the initiative. Nevertheless the official authorities have sanctioned the recommencement of the talks between Alekperov and the State Oil Company of Azerbaijan. Baku political scientists consider the decision of the Russian part as a chance to have political and economic support of Moscow and they also predict political dividends.