AZERBAIJAN - May 29 - Oil Pipeline Pledge By BP Chief.
BP CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. John Browne John Browne may refer to: - John Browne, Baron Browne of Madingley (born 1948), Baron Browne of Madingley, former Group Chief Executive of BP
- John Harris Browne (1817–1904), English born explorer of Australia
says the $2.9 bn Baku-Tblisi-Ceyhan pipeline
transporting Azeri oil to western markets through Georgia and Turkey
will proceed regardless of whether it receives financing from
international financial institutions. Some non-governmental
organisations have lobbied against official financing for the pipeline
on environmental and social grounds. But Lord Browne says work on the
pipeline is proceeding according to the best available standards
required for such financing. The private companies involved in the
Baku-Tblisi-Ceyhan project could, if necessary, raise the $1.5 bn sought
in financing from the World Bank, International Finance Corporation,
European Bank for Reconstruction and Development European Bank for Reconstruction and Development
Bank targeted at Eastern Europe and the former Soviet Union. and export credit
agencies Export Credit Agency
An agency established by a country to finance its nation's goods, investment, and services, often offers political risk insurance. .
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