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Operating expenditure on SCP made $50 mln, capital expenditure - $250 mln last year

13 February 2014 12:34 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. During 2013, The South Caucasus Pipeline (SCP) spent around $50 million in operating expenditure and $250 million in capital expenditure. In 2014, operating expenditure is expected to be $50 million. As a result of the ramp-up in the SCP expansion, capital expenditure will increase to $1,250 million.

A Final Investment Decision on the SCP expansion project was taken on 17 December 2013, coincident with Shah Deniz Stage 2. During 2014 it is planned to award a series of contracts including the early works and pipeline facilities as well as for pipeline construction in Azerbaijan.

The pipeline has been operational since late 2006, transporting gas to Azerbaijan and Georgia, and starting July 2007 to Turkey from SD Stage 1.

In 2013, SCP’s daily average throughput was about 13.4 million cubic metres (about 473 million cubic feet) of gas or 81,600 barrels of oil equivalent per day.