BP's Browne Says Georgia Revolution Won't Set Back Oil Pipeline
Nov. 24 (Bloomberg) -- BP Plc expects that the revolution in Georgia will have no bearing on a planned $3.6 billion oil pipeline that crosses the country, said Chief Executive Officer Lord Browne.
``Nothing has changed as a result of the velvet revolution,'' said Browne, speaking on the sidelines of a conference in London. ``We have maintained adequate security,'' for the pipeline across Georgia and Turkey.
A BP-led group is building a 1 million barrel-a-day capacity pipeline from Baku, Azerbaijan, that will cross Georgia and Turkey, ending at Ceyhan, on the Mediterranean Sea.
``The project is preceding without interruption, '' Browne added.
Last Updated: November 24, 2003 10:59 EST
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