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Azerbaijan to reopen pipeline to Georgia before July

11 March 2008 17:01 (UTC +04:00)

"The Baku-Supsa pipeline will resume operations in the second quarter of 2008," Elshad Nasirov, vice-president of Azeri state oil and gas firm Socar told reporters.
BP, which used the 120,000 barrel-per-day pipeline to ship crude from the giant Azeri-Chirag-Guneshli offshore project in the Caspian Sea, shut the route in October 2006 to repair the 150-km section at the Georgian territory.
BP has said it would re-launch the pipeline as soon as the works are over, but hasnâ€™t given a precise timetable.
The ACG fieldsâ€™ partners include Exxon Mobil, Chevron, Devon Energy Japanâ€™s INPEX and Itochu, Turkeyâ€™s TPAO and Socar.
The group is currently producing 770,000 barrels per day at the project and expects output to hit its peak of 1 million bpd next year.
Oil is currently exported mainly via the pipeline from the Azeri capital of Baku to the Turkish Mediterranean port of Ceyhan.