Some $4bn to be spent on Shah Deniz oilfield

Some $200 million will be spent on operational works, while some $4 billion will be spent on basic activity of the Shah Deniz oilfield in 2014.

The amount of expenditures for 2013 was $200 million and $1.7 billion respectively. The basic expenditures include Shah Deniz 2 project, as well as enlargement of the Sangachal terminal.

Partners in the BP-led ACG and Shah Deniz projects include Socar, Total, Lukoil, Chevron, ExxonMobil, Statoil, Turkiye Petrolleri, Itochu and ONGC Videsh.


/AzerTAc/