SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Impeach George W. Bush

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: sea_biscuit8/18/2008 2:40:31 PM
   of 93284
 
Russia now controls the BTC oil pipeline.

Television pictures of Georgians fleeing the fighting brought forth international condemnation. But less publicised were the Russian missile strikes near the Baku- Tbilisi-Ceyhan (BTC) pipeline, one of several arteries in the the Caucasus that bring oil and gas to the west.

Some 50 missiles struck within a few hundred metres of this key oil transit route. There is no evidence that the Russians intended to hit the BTC, which is 30 per cent-owned by BP, the UK energy major. But it was a salutary warning at a time when the European Union is desperate to reduce its dependency on Russian oil and gas.

The 1,100-mile pipeline, which ships about 90,000 barrels per day and from next year will have capacity for 1.2m barrels per day, is one of the few pipelines from the Caspian region not to cross Russian soil. It ships high-quality crude from eastern Azerbaijan,through Georgia, to the Turkish Mediterranean port of Ceyhan. It is the longest pipeline after Druzhba, which stretches 2,500 miles from south-eastern Russia to Germany.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext