TODAY.AZ / Business

Shahdeniz Project about completion this year

24 January 2006 [15:58] - TODAY.AZ
The Shahdeniz 2006 capital expenditure budget is $865 million.

Reportedly, the Shahdeniz gas and condensate development project has progressed according to schedule to meet the target of delivering first gas to the market before winter 2006, reports AzerTAg, refering to BP Azerbaijan press service.

Stage 1 construction is currently 88 % complete overall.

The forecast indicates that by the end of the year the project will have spent $ 1299 million against the 1290 million capital expenditure plan for 2005 due to increased project, yard upgrade costs and currency exchange rate movements.

The stage 1 project is progressing according to schedule to meet the target of delivering first gas to the market in September 2006.

URL: http://www.today.az/news/business/22455.html

Print version

Views: 1628

Connect with us. Get latest news and updates.

Recommend news to friend

  • Your name:
  • Your e-mail:
  • Friend's name:
  • Friend's e-mail: