ECONOMY
BP TO ALLOCATE 500 MLN DOLLARS FOR BTC MEP CONSTRUCTION
BP Company decided to allocate $500 mln for construction of the Baku-Tbilisi-Ceyhan Main Export Pipeline, AzerTAj correspondent was told at Azerbaijan BP office.
Document on allocation of the credit is planned to sign by the end of 2003. By now, international financial structures, such as European Bank for Reconstruction & Development, International Financial Corporation will adopt decision on allocation of the funds for pipeline construction.
According to the financing schedule, 30% of BTC construction is covered due to the capital of the stockholders- participants of the Pipeline Company, 70% by the foreign credits.
In the frame of the project, $ 1 bln has been already spent from 2,95 bln pipeline budget. BTC construction is planned to complete by the end of 2004, and to start export of oil via pipeline in first quarter of 2005.
FEEDBACK
Other news in this section
- 29.08.2023 [10:41]
Oil prices fall in world markets
- 29.08.2023 [10:34]
Azerbaijani oil price sells for $88.56
- 28.08.2023 [16:41]
Shah Deniz celebrates 200 billion cubic metres of total gas production
- 28.08.2023 [10:49]
Oil prices rise in world markets
- 26.08.2023 [10:53]
Azerbaijani oil price exceeds $88
- 26.08.2023 [10:36]
Oil prices rise in world markets
- 25.08.2023 [11:00]
Azerbaijani oil price drops in world markets
- 25.08.2023 [10:21]
Oil prices rise in world markets
- 24.08.2023 [10:57]
Oil prices fall in world markets
Iraqi President invited to COP29
- [12:45]
Kyrgyz Cinema Days open in Baku
- [11:27]
Azerbaijani oil sells for $89.49
- [10:21]
® Bakcell is inviting the entire country to the concert at Boulevard
- 24.04.2024 [20:28]
® Birbank Business’s special “Welcome” campaign for new customers
- 24.04.2024 [20:23]
Kyrgyz President Sadyr Zhaparov pays tribute to Azerbaijani martyrs
- 24.04.2024 [19:06]
Kyrgyz President Sadyr Zhaparov pays respect to Great Leader Heydar Aliyev
- 24.04.2024 [18:55]
US Congress members informed about Azerbaijan-Armenia peace process
- 24.04.2024 [18:31]
Azerbaijan-Hungary Energy Working Group convenes fourth meeting
- 24.04.2024 [18:11]
AZERTAC hosts meeting with Uzbek journalists VIDEO
- 24.04.2024 [17:24]
Court investigates business corruption accusation against wife of Spanish PM
- 24.04.2024 [16:57]
Hungarian foreign minister to visit Azerbaijan
- 24.04.2024 [16:42]
Türkiye rejects ‘one-sided’ statements on 1915 events
- 24.04.2024 [16:22]
Azerbaijani rowers aim for 'medal rush' in Hungarian tournaments
- 24.04.2024 [16:11]
Azerbaijani tennis player grabs bronze at WTT Youth Contender Spa 2024
- 24.04.2024 [15:47]
Azerbaijan and Kyrgyzstan signed documents VIDEO
- 24.04.2024 [15:34]
Azerbaijan’s Naval Forces and MES hold Wave-2024 joint tactical exercise
- 24.04.2024 [14:04]
President of Azerbaijan invited his Kyrgyz counterpart to COP29
- 24.04.2024 [13:55]
International experts convene for conference in Azerbaijan’s Lachin
- 24.04.2024 [13:50]
Azerbaijani ambassador presents his credentials to President of Gambia
- 24.04.2024 [12:57]
BHOS hosts opening of International Scientific Conferences
- 24.04.2024 [12:49]
® Nar presents new books to a school in Fuzuli
- 24.04.2024 [12:38]
Presidents of Azerbaijan and Kyrgyzstan held meeting in limited format VIDEO
- 24.04.2024 [12:30]
Oil prices go up in global markets
- 24.04.2024 [11:49]
Chairman of Presidency of Bosnia and Herzegovina invited to COP29
- 24.04.2024 [11:46]
President of Kyrgyzstan Sadyr Zhaparov arrives in Azerbaijan for state visit
- 24.04.2024 [11:30]
Havertz scores 2 as Arsenal routs Chelsea 5-0 to cement Premier League lead
- 24.04.2024 [11:08]
China to launch Shenzhou-18 crewed spaceship on April 25
- 24.04.2024 [10:54]
Azerbaijani oil price exceeds 89 dollars
- 24.04.2024 [10:43]
President Ilham Aliyev: We never forgot about issue of four villages
- 24.04.2024 [00:14]