In May 2005 democratically-elected Georgia's President Mikhail Saakashvilli, along with the Azerbaijan Republic, Turkey and Kazakhstan inaugurated the Caspian BP Pipeline transporting one million barrels per day. This is (was?) the only pipeline bypassing Russia's control bringing fuel to Europe.
The BTC pipeline project cost an estimated $3.7 billion, with BP as operator. The pipeline was officially inaugurated at the Sangachal terminal, near Baku, by President Ilham Aliyev of the Azerbaijan Republic, President Mikhail Saakashvilli of Georgia and President Ahmet Sezer of Turkey, joined by President Nursaltan Nazarbayev of Kazakhstan on 25 May 2005.
UPDATES from the Ministry of Foreign Affairs of Georgia.
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