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Russian official considers Baku-Ceyhan pipeline project politicized
RBC, 04.02.2004, Moscow 19:28:55.Russian Deputy Foreign Minister Viktor Kalyuzhny considers the project of the Baku-Ceyhan pipeline "somewhat politicized." He voiced this opinion at a news briefing in Moscow today. In Kalyuzhny's opinion, "the financial side of this project is problematic and long-term." "If Kazakhstan participates in the project, it will become profitable, but if Kazakhstan chooses to cooperate with China or Russia changes its transit policy, this project will not be profitable," the deputy foreign minister believes. As it was reported earlier, a package of agreements on loans for laying the Baku-Tbilisi-Ceyhan pipeline, totaling $2.6bn, was signed in Baku on February 3. The package comprises 27 documents. The agreements were made between the creditors, the three countries, through which the pipeline will go, and the BTC Co. pipeline company. The EBRD and the IFC, a syndicate of 15 commercial banks of the world and 4 shareholders in the pipeline project (BP, Statoil, ConocoPhillips and Total) take part in the provision of loans for this project.
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