Azerbaijan-Georgia-Turkey Pipelines Highlight Ills of Extractive Industry

The IFC and other international financial institutions are considering the possibility of financing the Baku-Tbilisi-Ceyhan Main Export Oil Pipeline (BTC) and Baku-Tbilisi-Erzrum Gas pipelines. CEE Bankwatch Network and other NGOs are demanding that they not finance the project until the project is able to demonstrate real development benefits to the public in the Caspian region. …


World Bank Pipeline in Georgia and Azerbaijan Illustrates Problems with Extractive Industries

The Baku-Supsa pipeline was the first fast-track component of the "contract of the century," involving partial development of the Chirag oil field and related facilities in the Caspian Sea. The export of oil from Sangachal is routed via the Northern Route Export Pipeline to Novorosiysk and the Western Route Export Pipeline to a new storage …


Caspian Black Gold: New Study Raises Concerns about the Impact of Oil Development in Georgia and Azerbaijan

The new study, "Pocketing Caspian Black Gold: Who are the Real Beneficiaries of Oil Infrastructure Development in Georgia and Azerbaijan?" published by CEE Bankwatch Network and Energy Project, highlights concerns regarding the rapid development of oil fields in the Caspian Sea and its impact on the local public. The report raises doubts that oil development …


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