The decrease in the international prices for oil threatens the realization of projects connected with Azerbaijani oil export. Nevertheless the head of Azerbaijani international operating company David Wudvord, who is in Tbilisi these days, has stated that despite the tendencies in the international market, the works on the realization of the projects will continue. According to him, Baku-Tbilisi-Jeyhan oil pipeline construction will be cost efficient at the price not less than $20 for a barrel. But it is known that the experts forecast the prices might go down to $9-10. Wudvord has admitted that such a perspective can effect the plans of the international consortium members but he thinks the threat is not very dangerous. “If the price goes down to $10-12, this might have a short-term effect”, has stated he.
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