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Azerbaijan does not have Sufficient Oil for BTC Pipeline

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  • Azerbaijan does not have Sufficient Oil for BTC Pipeline

    AZERBAIJANI HAS NO SUFFICIENT OIL FOR BAKU-TBILISI-CEYHAN PIPELINE


    YEREVAN, APRIL 21. ARMINFO. Ayaz Mutalibov, ex-president of
    Azerbaijan, believes that Azerbaijan has no sufficient oil reserves
    for the Baku-Tbilisi-Ceyhan oil pipeline.

    In his interview to the "Vremya Novostey" newspaper, he stated that in
    1990 Azerbaijan's oil reserves were estimated as amounting to
    500mln. tons. "Later, talks about billions' began. Still later,
    contracts began to fail," Mutalibov said. He added that most oil is
    now being extracted at old deposits, which were developed in Soviet
    times. Moreover, if "the Iraqi floor gets re-operated, the need for
    Azerbaijan's oil will no more be urgent. So the Baku-Ceyhan pipeline
    is most unlikely to be filled without Kazakhstan," Mutalibov said. He
    expressed the opinion that the project has a geopolitical component.
    "Geopolicy is in getting oil resources to pass by Russia," Mutalibov
    said. He pronounced for a "delicate and balanced policy on the part of
    Azerbaijan," first of all, toward Russia. "The Azerbaijani diaspora in
    Russia provides Azerbaijan with sums considerably exceeding its annual
    budget. What is called strategic partnership will in fact be a search
    of separating the spheres of influence between Moscow and Washington,"
    Mutalibov said.
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