Monday 3 October 2011

Caspian oil rivals jockey for position | beyondbrics – FT.com

After nine years of planning, the Nabucco oil pipeline consortium submitted a bid to export Azerbaijani gas exports at the weekend, saying its pipeline was the best of three rival projects vying to carry Caspian resources to Europe.

But BP, the principal western company in the Caspian, is not convinced.

Only last week, the UK oil major revealed it had a fourth pipeline option up its sleeve to link the vast Shak Deniz field offshore Azerbaijan with European markets.

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