The Better Than Caspian (BTC)
On May 25th, the leaders of Azerbaijan, Georgia, Turkey, and Kazakhstan gathered in Baku along with oil company officials to mark the inauguration of oil flowing in the Baku-Tbilisi-Ceyhan (BTC) pipeline. The $3.2 billion, 42 inch, 1 million bpd capacity pipeline runs 1,090 miles from Baku though Azerbaijan, Georgia, and Turkey to the Mediterranean port of Ceyhan. The pipeline bypasses the congested Bosphorus Strait through which tankers transport oil from the Caspian Pipeline and other Black Sea ports.
