SOCAR and its partners invested $76B in oil and gas industry so far

SOCAR and its partners invested $76B in oil and gas industry so far
# 21 September 2017 10:59 (UTC +04:00)

According to him, the contractors of the PSAs have invested 75.7 billion dollars in Azerbaijan’s oil and gas sector since 1995.

 

“ACG participants (BP, Chevron, ExxonMobil and etc.) have invested $42.8 billion in oil and gas sector of Azerbaijan”, he said.

 

Shahdeniz participants (BP, TPAO, Petronas and SOCAR) have invested $25.9 billion in this project.

 

SOCAR official added that Shahdeniz-2 and Southern Gas Corridor need more $40 billion investments. After implementation of these projects, total investments in oil and gas sector will exceed $100 billion.  

 

 

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