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Transportation Agreement Oil And Gas

The BTC pipeline was commissioned in June 2006 and allowed exports from Azerbaijan and others from Kazakhstan through two transit countries, Georgia and Turkey. As with the Chad/Cameroon project, it took nearly 10 years to move from the first studies to the exploitation of pipelines. The intergovernmental agreement was signed in 1999 under the aegis of the 1994 Energy Charter Treaty. The system transported 2 billion barrels from 2006 to mid-2014. Bilateral tax treaties often treat each country`s right to tax international oil pipelines in the same way as for the treatment of transnational cables, as provided for in the Organisation for Economic Co-operation and Development (OECD) Model Agreement on Income and Capital. . . .

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