Bank Of Baku

BP to invest $150 mln in Baku-Supsa

BP to invest $150 mln in Baku-Supsa
# 21 January 2016 11:52 (UTC +04:00)

The issue was discussed during the Georgian Prime Minister's meeting with BP's CEO Bob Dudley at the World Economic Forum in Davos, the Georgian government's press service said in a statement.

 

"BP will spend $150 million on modernisation of some stretches of the pipeline and improvement of ecological standards," it said, without providing any other details.

 

Azerbaijan exports oil via the Baku-Supsa pipeline from the Chirag oilfield operated by BP. Exports through the Baku-Supsa pipeline rose to 3.9 million tonnes in January-November 2015 from 3.8 million tonnes in the same period a year earlier.

 

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