Azerbaijani companies to spend $820M to

26 November 2024

Azerbaijani companies to spend $820M to SCPX

19:19 29 June 2016 Read: 1118

Azerbaijani companies to spend $820M to SCPX

The total cost of the Southern Caucasus Pipeline Expansion (SCPX) project makes $4.9 billion, ead of Investments Department of the State Oil Company of Azerbaijan Republic Vagif Aliyev said.

According to him, Azerbaijani companies’ expenditures are expected to be $820 million.

He added that after expansion, the capacity will increase from 16 bcm to 23.4 bcm: “So, gas transportation will be doubled. Length of the new pipeline will be 424 km in Azerbaijan, 61 km in eorgia and 2 km in the connection with TANAP”.

Aliyev said 57.4% works have been completed.

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