ECONOMY
South Caucasus Pipeline expends $15 million in capex
Baku, April 1 (AZERTAC). The plan for 2012 is to spend $15 million in South Caucasus Pipeline (SCP) in capital expenditures.
In 2011, SCP spent $8.8 million in capital expenditures.
The pipeline has been operational since late 2006 transporting gas to Azerbaijan and Georgia, and starting July 2007 to Turkey from Shah Deniz Stage 1.
In 2011, SCP daily average throughput was 12.5 million cubic meters of gas per day.
The SCP has a dual operatorship with BP as the technical operator being responsible for construction and operation of the SCP facilities and Statoil, as commercial operator, is responsible for SCP's business administration.
The SCP Co. shareholders are: BP (technical operator – 25.5%), Statoil (commercial operator - 25.5%), Azerbaijan SCP Ltd. (10%), LUKOIL (10%), NICO (10%), Total (10%), and TPAO (9%).
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
Moroccan King invited to COP29
- [12:57]
Hidayat Heydarov crowned four-time European champion
- 26.04.2024 [21:07]
President Ilham Aliyev concluded his working visit to Germany VIDEO
- 26.04.2024 [21:00]
PKK bomber gets 7 life terms for Istanbul attack
- 26.04.2024 [20:50]
British man tests first personalised melanoma vaccine
- 26.04.2024 [20:33]
Azerbaijani, Kazakh military specialists hold meetings
- 26.04.2024 [20:23]
Kazakh delegation visits Azerbaijan Air Force Central Command Post
- 26.04.2024 [19:04]
AZAL introduces exclusive airfare deals to Bucharest and Sofia
- 26.04.2024 [18:38]
Gaza pier: US begins building floating base to boost aid
- 26.04.2024 [17:48]
Kyrgyz Minister of Digital Development informed about "ASAN Xidmet" center
- 26.04.2024 [16:57]
Azerbaijani judoka captures European silver
- 26.04.2024 [16:28]
Azerbaijani boxers claim two European bronzes in Serbia
- 26.04.2024 [16:27]
Deepwater Gunashli planned turnaround programme
- 26.04.2024 [16:23]
Xi meets Blinken, stresses major country responsibilities for China, U.S.
- 26.04.2024 [16:19]
Azerbaijani Paralympic swimmer secures his third European medal in Portugal
- 26.04.2024 [16:18]
Another 39 families relocated to Fuzuli city get house keys
- 26.04.2024 [15:58]
President Ilham Aliyev: COP29 will not be an arena of confrontation
- 26.04.2024 [15:39]
President Ilham Aliyev: There are very good opportunities to achieve peace
- 26.04.2024 [15:14]
Olaf Scholz: We welcome initial demarcation agreements
- 26.04.2024 [15:01]
Closing ceremony of Turkish-Russian Joint Monitoring Center held
- 26.04.2024 [14:47]
Aramco and FIFA announce global partnership
- 26.04.2024 [13:22]
Some US troops set to depart Chad, at least temporarily
- 26.04.2024 [12:00]
Meeting of SCO defense ministers to start in Astana today
- 26.04.2024 [11:33]
Russian cosmonauts complete spacewalk two hours ahead of schedule
- 26.04.2024 [11:26]
Ancient Giant Tortoise Fossils Found In Colombian Andes
- 26.04.2024 [11:25]
Speaker of Azerbaijan’s Milli Majlis embarks on official visit to Montenegro
- 26.04.2024 [11:24]
Man City hammer Brighton 4-0 to be hot on English leaders Arsenal's trail
- 26.04.2024 [11:17]
Venice introduces entrance fee for touristic old city
- 26.04.2024 [11:13]
Azerbaijan’s Defense Ministry: Wave-2024 joint tactical exercise ends VIDEO
- 26.04.2024 [11:07]
Oil prices surge in global markets
- 26.04.2024 [10:57]
Azeri Light crude dips to $88
- 26.04.2024 [10:42]
China’s Shenzhou-18 crew arrive at Tiangong space station
- 26.04.2024 [10:33]
Germany expresses readiness to support Azerbaijan in COP29
- 26.04.2024 [10:30]
Azerbaijan relocates 140 more residents to Fuzuli city VIDEO
- 26.04.2024 [10:30]