Hydrocarbon sector to gush

摘要

July 13 was a red letter day for Azerbaijan's energy industry. When the BP-led consortium loaded its first tanker from the long-awaited Baku-Tbilisi-Ceyhan (BTC) pipeline, the country's politicians, financiers and oil industry experts breathed a sigh of relief. The BTC pipeline not only promises to guarantee Azerbaijan an independent energy supply, and source of oil revenues for many decades, it was also a feat of management that gave the country confidence and self belief.