BAKU (Armenpress)–The utilization of the Baku-Supsa pipeline has been halted and delayed for one year–reported the Ruski Telegraf newspaper Tuesday–adding that the pipeline needed to be changed. The construction is estimated to last one year.
The costs for reconstructing the pipeline are estimated at $1,350,000,000 and experts indicated that at the end of the project the cost could reach upward of $1,600,000,000.
In recent months Turkey has expressed interest in becoming involved in the construction of Caspian oil pipelines.
Turkish President Suleyman Demirel–during a telephone conversation–asked his Azeri counterpart Haydar Aliyev to meet with Turkish representatives to discuss the project.
Demirel hasn’t made his plans for merging the Baku-Ceyhan and Baku Supsa pipelines a secret–which envisions–according to the newspaper–that the entire Western oil consortium plans be handed over to Turkey.
The Western consortium of oil companies which have invested millions in Azeri oil reserves–as well as the State Oil Company of Azerbaijan Republic have opposed the Turkish proposal and thus–have opted for the reconstruction of the Baku-Supsa pipeline.
The international consortium has opted to export the Azeri oil through various routes. Currently–however–it is confined to using the Novorosiisk pipeline–which goes through Russia and Chechnya.