Bank Of Baku

South Caucasus Pipeline to spend $41mln in capital expenditure

South Caucasus Pipeline to spend $41mln in capital expenditure
# 14 February 2007 11:57 (UTC +04:00)
“In 2006 the project spent $269mln in capital expenditure versus the target of $160mln, and in 2006 we are planning to spend $41mln in capital expenditure on South Caucasus Pipeline activities,� BP-Azerbaijan President Bill Schrader told a 2006 results media briefing, APA reports.
In 2006 the construction and commissioning of the SCP was successfully completed in 2006 and it was tied-in with the Turkish pipeline system at the Georgian-Turkish border in December. The pipeline is currently filled with commissioning gas and is ready to deliver gas to Azerbaijan, Georgia and Turkey. /APA/
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THE OPERATION IS BEING PERFORMED