Project Finance Agreements SignedProject Finance Agreement • August 27th, 2008
Contract Type FiledAugust 27th, 2008On February 3, 2004, at the Gulustan Palace in Baku, Azerbaijan, project finance agreements concerning the construction of the Baku-Tbilisi-Ceyhan (BTC) crude oil pipeline were signed in the presence of the President of the Azerbaijan Republic, H.E. Ilham Aliyev, by representatives of the Azerbaijan Republic, Georgia, the Republic of Turkey, the Baku-Tbilisi-Ceyhan Pipeline Company (BTC Co.), and an international lender group. The BTC pipeline is being developed by BTC Co., which comprises eleven companies from eight countries, including INPEX Corporation, and is operated by the British company BP p.l.c.