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. Last Updated: 07/27/2016

Caspian Route Plans Due

Azerbaijan and Georgia will present a Caspian Sea oil consortium with feasibility studies on pipeline routes through both countries by Aug. 28, the Azeri Assa-Irada news agency on Thursday quoted an industry official as saying.


Azeri International Operating Co. presidential adviser Abdul Akhmedov said the firm, which groups the consortium's participants, would choose one export route for the project's "early oil," or initial output. Interfax quoted Georgian leader Eduard Shevardnadze on Tuesday as saying two pipelines were needed.


A consortium to develop Caspian Sea oil reserves, led by a British Petrol-eum Co.-Statoil alliance, is considering two routes for initial output -- one through Georgia to Batumi and the other through Russia to Novorossiisk.


The documents also discuss importing the consortium's equipment through Russia, Assa-Irada quoted Akhmedov as saying.


Russia and LUKoil, a member of the group, have been lobbying for the Novorossiisk option.


Turkey has said it would buy all initial output from the project if the early oil were exported through Georgia. It wants a pipeline to run to the Turkish port of Ceyhan.