After almost four years of construction, the Oguz-Gabala-Baku water pipeline was inaugurated on December 28, 2010. Costing almost $1 billion, the pipeline is already termed by many in Azerbaijan as the “second BTC,” referring to the strategically important Baku-Tbilisi-Ceyhan pipeline built a decade ago to transport Caspian oil to global markets.
The West still expects much from Kazakhstan.
On October 19, Turkey, Italy and Russia signed a memorandum of understanding on the Samsun-Ceyhan oil pipeline (SCP). Turkish Energy Minister Taner Yildiz, the Italian Economic Development Minister Claudio Scajola and the Russian Deputy Prime Minister Igor Sechin, inked the agreement that regulates the commitments of the three partners to the SCP. Despite the several signing ceremonies organized in the past for the SCP, the construction work did not commence.