South Caucasus Pipeline spends $12 million in the first quarter

South Caucasus Pipeline spends $12 million in the first quarter
# 29 May 2007 16:59 (UTC +04:00)
“During the first three months of 2007, we spent $12 million of the planned $41 million doe capital expenditure on South Caucasus activities in 2007,” BP-Azerbaijan President Bill Schrader told a 2007 first quarter results media briefing.
SCP has been operational since 2006, delivering gas from Shah Deniz to Azerbaijan and Georgia. The pipeline was tied-in with Turkish pipeline system at the Georgian-Turkish border in December and is ready to deliver gas to Turkey when they are ready to receive it, he added. /APA-Economics/

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