Thursday, October 13, 2005

Pipelineistan's Biggest Game Begins

History may judge it as one of the capital moves of the 21st century's New Great Game: May 25, the day high-quality Caspian light crude started flowing through the Caucasus toward the Mediterranean in Turkey. The Baku-Tbilisi-Ceyhan pipeline (BTC) - conceived by the US as the ultimate Western escape route from dependence on oil from the Persian Gulf - is finally in business.

This is what Pipelineistan is all about: a supreme law unto itself - untouchable by national sovereignty, serious environmental concerns (expressed both in the Caucasus and in Europe), labor legislation, protests against the World Bank, not to mention mountains 2,700 meters high and 1,500 small rivers. BTC took 10 years of hard work and at least US$4 billion - $3 billion of which is in bank loans. BTC is not merely a pipeline: it is a sovereign state.