BP to allocate $150M to modernize Baku-Supsa oil pipeline

The BP company will allocate $150 million for modernization of certain sections of the Baku-Supsa oil pipeline and improvement of ecological standards in Georgia, the country’s media outlets reported Jan. 21.

Georgian Prime Minister Giorgi Kvirikashvili has held his first meeting with the Executive Director of the BP company in Davos Robert Dudley.

The executive director provided detailed information to the Georgian side about the projects carried out by that the company in Georgia. He said that despite the volatility of oil prices at the world market, the South Caucasus gas pipeline project is being implemented according to schedule and will be completed by 2018.

/By Trend/