PLATFORM Unravelling the CarbonWeb
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Unravelling the Carbon Web is a project by PLATFORM. We work to reduce the environmental and social impacts of oil corporations, to help citizens gain a say in decisions that affect them, and to support the transition to a more sustainable energy economy.

The Baku Ceyhan Campaign
Impacts of the BTC pipeline
The money behind the pipeline
Financial institutions - breaking their lending rules
Reports & Publications
Is it worth the risk? A financial analysis of the project

Is it worth the risk? A financial analysis of the project

Since the Baku-Tbilisi-Ceyhan (BTC) pipeline was first conceived in the early 1990s, there has been much controversy over whether it is really financially viable. Is it too long and expensive to build? Are the available volumes of oil enough to fill the line? Are the political risks too high?

To examine these issues, PLATFORM commissioned the independent financial analyst Mark Mansley of Claros Consulting to conduct a financial analysis of the project.

Building Tomorrow's Crisis report - May 2003 (pdf 304kb)
Executive Summary (pdf 107kb)
Press release