The amount of the budget makes $6 bn.
According to APA-Economics, SOCAR President Rovnag Abdullayev said that $6 bn-investment includes construction of new blocks, gas pipelines and etc.
‘Construction of Trans-Anatolian pipeline will start next year. TANAP project will cost $7-10 bn. In general, Shah Deniz-2 project will cost $28-30. The first transportation of gas will be started at the end of 2017 or early 2018’, said Abdullayev.
Note that annual capacity of the pipeline will hit 16 bn cbm. Total reserve sof the field are estimated at 1.2 trillions cubic meters. The project is attended by BP (25.5% - operator), Statoil (25.5%), SOCAR (10%), NICO (10%), Total (10%), LUKoil (10%), TPAO (9%).
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