New Oil Pipeline 2006
Baku, Azerbaijan .December 15, 2006..New housing complexes are going up by the thousands in the city center as oil money begins to flow in. This complex, called "Top Town" has 4 apartment on each of the 25 floors - however the first 4 floors are for office space. Those apartments with a spectacular view of the city sell for around $500,000 and all but 2 apartments in the building have been sold...Baku and Azerbaijan in general should benefit financially from the new oil and gas pipeline that will soon carry as much as 1 million barrels of oil a day into Europe via the Baku-Tbilisi-Ceyhan pipeline. The 1,776 km, $4 billion pipeline places the gas and oil directly into Europe by-passing Russia for the first time..