President Mikheil Saakashvili on Monday accused the Russian government of invading undisputed Georgian territory and of seeking to depose his government as foreign ministers from the Group of Seven urged Russia to agree an immediate ceasefire with Tbilisi.
Blow to hopes of oil pipeline security
The so-called east-west energy corridor across Azerbaijan and Georgia to Turkey established with strong political backing from the US, has eroded Russia’s stranglehold over energy exports from one of the world’s few remaining untapped oil provinces.
Dubbed the “pipeline for peace” by its western promoters in the 1990s, the 1m-barrels-a-day Baku-Tbilisi-Ceyhan (BTC) oil pipeline commissioned in 2006 has brought a new source of high-quality oil into the Mediterranean to compete with Russian supplies.
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