Statoil: Caspian oil line inaugurated

The Baku-Tbilisi-Ceyhan (BTC) oil pipeline was officially opened today, 13 July, at its terminus in the Turkish port of Ceyhan on the Mediterranean.

Statoil has an 8.71% stake in the 1,768-kilometre transport system, which runs from the Azerbaijan capital of Baku via Tbilisi, capital of Georgia.

Guests at the opening included the presidents of all three countries hosting the line and Norway