CASPIAN

 

BP Foresees Shah Deniz 2 Costs Hike, Pipeline Groups Maneuver

Rashid Javanshir, President of BP Azerbaijan, told a conference in Baku on 9 June that the final cost of the Shah Deniz Stage 2 gas field development project might rise to $35-45bn. This would make it “the biggest mega-project our company has ever entered,” and “one of the “most significant oil and gas industry investments in recent history,” he noted. When BP...