Environmental Capital provides daily news and analysis of the business of the environment. It tracks how growing green concern, particularly over climate change, is roiling established industries and spurring new ones – and how that shift is affecting investors, consumers and the planet.

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Kazakh Connection: Kazakhstan Says It Still Backs BTC Pipeline

Posted on August 24, 2008

Here's some certitude, of a sort, for jittery world oil market: Kazakhstan has no intention of backing out of the big BTC pipeline project that runs through Georgia, despite recent suggestions it was mulling such a move.On Thursday, Environmental Capital noted a Turkish newspaper's report that Kazakhstan, a major oil producer, was considering backing out of the BTC pipeline and diverting its oil through Russia amid the military conflict in Georgia. Now, Erlan Idrissov, Kazakhstan's ambassador to the U.S., has written in to say that his country plans to continue with the pipeline project. The c...

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azerbaijan , economy , investors , kazakhstan , policy , russia