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| | Ex-Im Bank Approves $160 Million Guarantee to Support Baku-Tbilisi-Ceyhan Pipeline |
 | | Baku-Tbilisi-Ceyhan Pipeline Co. is owned by 11 sponsors, including three from the United States, which are major oil companies that are investing in the project. |
 | | The 1,094-mile pipeline, with a capacity of one million barrels per day, will transport crude oil from the Sangachal terminal near Baku, Azerbaijan, through Azerbaijan, Georgia and Turkey, to a marine export terminal at Ceyhan, Turkey, on the Mediterranean. |
 | | The pipeline will be the main export route for the significant oil volumes to be produced from the Azeri, Chirag and Gunashli offshore fields in Azerbaijan (the ACG Field), as well as other potential oil fields in the Caspian region. |
| www.prnewswire.com /cgi-bin/stories.pl?ACCT=104&STORY=/www/story/12-30-2003/0002081953&EDATE= (444 words) |
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