 | Ramco sells interest in BTC |
Scottish Ramco has sent its 1.55% interest stake in the Baku-Tbilisi-Ceyhan MEP project along with its 2.0825% equity stake in the Contract of the Century. Informing journalists of this, the AIOC president David Woodward said both of the stakes have been taken over by the Unocal-Devon Energy-Delta Hess alliance.
The Ramco Baku office has declined to provide any comment.
Interest stakes in the BTC are as follows: SOCAR 50%, BP 25.41%, Unocal 7.65%, Statoil 6.37%, TPAO 5.02%, Itochu 2.92%, Delta Hess 2.03%, and Devon Energy 0.6%.
Having sold its interest stake in the BTC, Ramco is no longer involved in any contracts in Azerbaijan.*
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Issue: April, 27, 2001
POLITICS
Turkic Summit overGenocide of Azeris talking point in int’l organization
ECONOMICSAIOC to spend over $500mln in 2001Ramco sells interest in BTCOver 6mln tons of oil to be refined this yearAzeriGas plans on 3 projects with WBCSC raising freight turnover'AzerKimya' announces tender for supply of technical saltFeasibility study for reconstruction of subterranean gas storage ready
ECOLOGYScholars struggling for safer Caspian
MISCELLANEOUSAzerbaijan voices protest to Iran
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