BTC oil pipeline loan agreement

first published 21 November 2005

The Common Terms Agreement was signed between the public sector lenders to the BTC oil pipeline project (International Finance Corporation of the World Bank, EBRD and several export credit agencies) and the BP-led consortium building the project, BTC Co on 3 February 2004. It includes the covenants on the environmental and social conditions to which the consortium agreed to adhere.

This redacted version of the Agreement was released to a public interest group in the United States, Pacific Environment, on 21 November 2005 (via Earthjustice, a non-profit environmental law firm acting for the group) following an information request to the US export credit agency, OPIC (Overseas Private Investment Corporation).