TEHRAN Gorki Chantoria, the manager of the Georgian International Oil Co. said on Friday that the plan for the construction of the Baku-Tbilisi-Ceyhan oil pipeline is in its final stage.

The pipeline will run from the Republic of Azerbaijan to Georgia and reach the eastern border of Turkey.

The British-American Oil Company BP will build the Azeri and Georgian sections of the pipeline and the Turkish oil company Butash will build the Turkish section.

The Georgian and Turkish presidents recently expressed hope that the project would go on stream by 2004.

The pipeline's annual capacity is 50 million tons and it will be 1,750 kilometers long.

Some $2,400,000,000 is allocated for the project.