Bank Of Baku

BP-Azerbaijan spends 27% of 2009 capital expenditure on Baku-Tbilisi-Ceyhan Pipeline in 1H09

BP-Azerbaijan spends 27% of 2009 capital expenditure on Baku-Tbilisi-Ceyhan Pipeline in 1H09
# 19 August 2009 13:07 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. BP-Azerbaijan has spent $38 million in capital expenditure on the Baku-Tbilisi-Ceyhan pipeline.

“The total capital expenditures in 2009 are expected to be $143 million. Of this, we spent 26.5% or $38 in the first half of 2009,” said the company.

During 2008 Baku-Tbilisi-Ceyhan spent $164 million in capital expenditure.

BTC Co. shareholders are BP (30.1%), AzBTC (25.00%), Chevron (8.90%), Statoil (8.71%), TPAO (6.53%), ENI (5.00%), Total (5.00%), Itochu (3.40%), INPEX (2.50%), ConocoPhillips (2.50%) and Hess (2.36%).
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