CAPEX into main oil and gas projects in Azerbaijan exceeded $1.5 bln in Q1

In Q1 2016 the capital expenditure in the framework of Shakh-Deniz, ACG, South Caucasus Pipeline and BTC (the operator of which is BP) made up $1 bln 571 mln, by 13.6% lower than in Q1 2015. BP-Azerbaijan reports that the capital expenditure for Shakh-Deniz made up $928 mln, ACG-$396 mln, South Caucasus Pipeline-$236 mln, BTC-$11 mln. The major part of capital expenditure was made in the framework of Shakh-Deniz -2. The expenditure for the South Caucasus Pipeline is connected with the acceleration of works on the expansion of this gas pipeline aiming for the realization of Shakh-Deniz -2.

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