BP to issue $150M to modernize Baku-Supsa 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 media outlets reported.
Georgian Prime Minister Giorgi Kvirikashvili has held his first
meeting with the Executive Director of the BP company 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.
The Baku-Supsa pipeline transports Azeri Light oil produced from the Azeri-Chirag-Gunashli (ACG) offshore fields in Azerbaijan.The operator of the pipeline and the development of the field is British BP. The length of the pipeline, launched into operation in 1999, is 830 kilometers.
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