CASPIAN PIPELINE
October 1st, 2003
BY KEITH NUTHALLTHE EUROPEAN Bank for Reconstruction and Development (EBRD) has bit the bullet and drawn up plans to lend US$250 million to help build the planned key Baku-Tbilisi-Ceyhan oil and gas pipeline from the Caspian Sea to Turkey's Mediterranean coast. The EBRD has been talking to concerned environmental groups about concerns regarding erosion and oil spills in the pipeline host countries Azerbaijan, Georgia and Turkey, and over its boosting fossil fuel use and hence global warming. In a statement, it said that its support followed comprehensive impact ...
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