| Publication |
2009.
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| Summary/Abstract |
The oil pipeline projects overshadowed the conflict in South Ossetia from its very beginning. The TV audience was especially impressed by the picture of the Azpetrol tank cars burning somewhere in Georgia. The Caspian oil market promptly responded to the warfare: British Petroleum, the BTC operator, suspended oil pumping along this route; the same was done on the Baku-Supsa pipeline; and the Poti and Kulevi oil terminals were left idling.
Later numerous surveys and analyses stressed the economic aspects and calculated the losses sustained by Azerbaijan and the Western oil companies. It seems that the political analysts were more concerned about how much the war cost Azerbaijan and British Petroleum in lost profit and how many million tons of oil did not reach the market than about anything else. As Azerbaijan and the BTC shareholders regained their lost profits, the issue gradually retreated into the background.
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