GEORGIA'S ROLE IN THE TRANSPORTATION OF ENERGY RESOURSES OF THE CASPIAN SEAJournal: Innovative Economics and Management (Vol.III, No. 1)
Publication Date: 2016-11-30
Authors : PAATA AROSHIDZE;
Page : 104-107
Keywords : Georgia; Caspian region; pipeline; Baku-Tbilisi-Ceyhan;
After the collapse of the Soviet Union, the Caucasus and the Caspian region to establish a special situation. The battle for the development and transportation of Caspian oil. On the agenda was the question of resolving the legal status of the Caspian Sea. The decision of the legal status of the Caspian Sea is of great importance in order to select a route for the transportation of energy resources. Today, through the territory of Georgia laid the Baku-Tbilisi-Ceyhan and Baku - Supsa oil pipeline and South Caucasus gas pipeline, which run parallel to the Baku-Tbilisi-Ceyhan pipeline. The Baku-Tbilisi-Dzheyhan- first direct route for transporting oil between the Caspian and Mediterranean seas, the total construction cost of which amounted to 4 billion. US dollars. This route is economical and allows for safe transport of oil over long distances. In addition, the existing oil reduces oil transportation in large numbers across the Bosporus.
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