Azerbaijan to spend $400M within establishment of Southern Gas Corridor

Azerbaijan to spend $400M within establishment of Southern Gas Corridor
# 30 May 2019 16:48 (UTC +04:00)

Due to provision of funding of Azerbaijan’s share, Southern Gas Corridor CJSC within establishment of corridor will spend $400 million in 2019-2020, said Afgan Isayev, General Director of Southern Gas Corridor CJSC at the 26th International Caspian Oil & Gas-2019 Exhibition and Conference held in Baku, ONA reports.

According to him, $200 million of the funds will be spent this year, the rest $200 million will be spent next year.

CJSC has directed $9,7 billion to the realization of projects included in Southern Gas Corridor (according to information for end of April). It is envisaged to spend $10,1 billion to the establishment of corridor by CJSC.

Analysis

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THE OPERATION IS BEING PERFORMED