Today.Az » Business » New cost of Shah-Deniz project to be defined
13 March 2005 [01:01] - Today.Az
The final cost of the Shah-Daniz project will be defined in a meeting of the shareholders on 31 March, Robert D. Kelly, the President of Shah Deniz project, told a news conference on Friday.
Kelly noted that at present experts of the company independently studied a business schedule and cost of the project with consideration of increased prices of metal and construction materials.
An initial cost of the construction work was increased by 25% and is estimated to $2.3bn.
The first gas from the Shah-Daniz project was delivered to Turkey in the 4th quarter of 2006 (as of some data on 30 September).
According to Kelly, the progress over the Shah-Daniz project comprises 52.5%, whereas the actual figure was fixed at 50.9%.
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