Wednesday, 19 April 2006

BP SAYS BAKU-CEYHAN PIPELINE COST RISES 30 PCT

Published in News Digest

By empty (4/19/2006 issue of the CACI Analyst)

The cost of the Baku-Ceyhan oil pipeline has risen to $3.9 billion, 30 percent above the original estimate of $2.95 billion, the head of BP Plc in Azerbaijan said on Wednesday.
The cost of the Baku-Ceyhan oil pipeline has risen to $3.9 billion, 30 percent above the original estimate of $2.95 billion, the head of BP Plc in Azerbaijan said on Wednesday. David Woodward, head of BP Azerbaijan, told reporters that the costs of contractors and building materials had forced up the cost of the pipeline, which BP is leading. (Reuters)
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The Central Asia-Caucasus Analyst is a biweekly publication of the Central Asia-Caucasus Institute & Silk Road Studies Program, a Joint Transatlantic Research and Policy Center affiliated with the American Foreign Policy Council, Washington DC., and the Institute for Security and Development Policy, Stockholm. For 15 years, the Analyst has brought cutting edge analysis of the region geared toward a practitioner audience.

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