Today.Az » Business » Azeri Field spent $6.49m up to now
16 March 2007 [08:52] - Today.Az
The development of Azeri Field in the Azerbaijan's sector of the Caspian has to date spent $6.49 million.
BP-Azerbaijan Vice-President Bruce Luberski said the project is planned to spend $30m for the first quarter of the year, APA-Economics reports. Deep Water Guneshli has up to now spent $2.21m and is planned to have 1Q spending of $260m. He added that Azeri-Guneshli-Chirag currently employ 8,400 people, of these, 80% are Azerbaijan nationals. After the construction works are complete, 3,000 people of them will have a permanent job. Moreover, the Sangachal Terminal Expansion Programme (STEP) employs 1,100 people but they will be cut to 550 in 2008. The ACG Phase 3 is currently 78% complete.
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