Britain's BP starts work Wednesday on a $2.9 billion oil pipeline from the land-locked Caspian Sea to Turkey that will put crude from the region in reach of world markets. The BP-led Baku-Ceyhan project includes Norway's Statoil, U.S. Unocal, Turkish TPAO, Japan's Itochu, Italy's ENI, French TotalFinaElf, Azeri SOCAR and Saudi Arabia Delta Hess.
The 1,700-kilometer link from Azerbaijan became feasible after the oil major found more oil in the Caspian.
Russia abandoned its original hostility to the U.S.-backed project, which bypasses Russian territory, after the Sept. 11 attacks.
When the project completed, it will run from Baku through Georgia to the Turkish Mediterranean port of Ceyhan.
Representatives of the Ministry for Foreign Affairs of the Russian Federation commented on the state of affairs in the Sea of Azov
Russian President Vladimir Putin said at the meeting of the Valdai Discussion Club that Russia will never initiate military actions, including with the use of nuclear weapons