Is there a relationship between the bombing of Lebanon and the inauguration of the World's largest strategic pipeline, which will channel more than a million barrels of oil a day to Western markets?
Virtually unnoticed, the inauguration of the Ceyhan-Tblisi-Baku (BTC) oil pipeline, which links the Caspian sea to the Eastern Mediterranean, took place on the 13th of July, at the very outset of the Israeli sponsored bombings of Lebanon.
One day before the Israeli air strikes, the main partners and shareholders of the BTC pipeline project, including several heads of State and oil company executives were in attendance at the port of Ceyhan. They were then rushed off for an inauguration reception in Istanbul, hosted by Turkey's President Ahmet Necdet Sezer in the plush surroundings of the Çýraðan Palace.
Also in attendance was British Petroleum's (BP) CEO, Lord Browne together with senior government officials from Britain, the US and Israel. BP leads the BTC pipeline consortium. Other major Western shareholders include Chevron, Conoco-Phillips, France's Total and Italy's ENI. (see Annex)
Israel's Minister of Energy and Infrastructure Binyamin Ben-Eliezer was present at the venue together with a delegation of top Israeli oil officials.
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