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XXXXXXXXXXXX Turkey Must Cooperate on Shah Deniz I, II 8. (C) Javanshir said that future gas projects, like the trans-Caspian and Nabucco pipelines, "are now dependent on BTC security.
Nabucco's backers hope to repeat the BTC pipeline's trick.Other less ambitious pipelines are also moving ahead.
The first oil was delivered through the BTC pipeline in June.
On August 5th a pumping station on the 1,100-mile 1,100-mile 1,760kmlisi-Ceyhan (BTC) pipeline in eastern Turkey was set ablaze.
Counter manoeuvres Under attack Under pressure The dog days of Sumner Dogmeat and the truffle pig Air supremacy Ford's new pilot Reprints Related items Drug patents: Under attackSep 7th 2006In many countries pharmaceuticals fall into one of three classes: prescription-only, OTC and some variation of BTC.
Named after those towns, the BTC pipeline and the oil wells are seen by some as making David Woodward, BP's local boss, the country's second most powerful man, after Ilham Aliev, who inherited the presidency from his father after a disputed election in 2003.
The BTC consortium now hopes that some of the oil in the Kazakh fields across the sea will pass through the new pipeline, or perhaps oil from Russia, despite the Kremlin's distaste for the project.When the oil runs outA good deal for BP, and a useful if marginal contribution to global oil flow; but a good deal for Azerbaijan?
BP, which spent $4 billion on BTC and still manages it, put a brave face on things, saying that the disruption would be temporary.
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Already, the value of a bitcoin has rebounded to about a hundred and twenty dollars on BTC-E, as buyers snapped up cheap coins.
At one point on Wednesday afternoon, the price of a single bitcoin, previously about a hundred and twenty-five dollars, dipped as low as seventy-five donlars on the Bulgaria-based BTC-E, a prominent cryptocurrency exchange, according to Bitcoin Charts, a Web site that provides financial data on the Bitcoin network.
And then the truth dawned: far from being a holding account for the biggest bitcoin theft in history, the wallet was actually part of the internal workings of BTC-E, an exchanges where users can trade bitcoins for conventional currency.
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