BP reveals volume of capex on South Caucasus Pipeline
Baku, Azerbaijan, Aug.1
By Leman Zeynalova – Trend:
In the first half of 2019, South Caucasus Pipeline (SCP) spent about $20 million in operating expenditure and more than $24 million in capital expenditure in total, Trend reports citing BP.
The SCP has been operational since late 2006, transporting Shah Deniz gas to Azerbaijan, Georgia and Turkey. The expanded section of the pipeline commenced commercial deliveries to Turkey in June 2018.
The daily average throughput of SCP was about 28 million cubic metres of gas per day during the first half of 2019.
The SCP has a dual operatorship with BP as the technical operator being responsible for construction and operation of the pipeline facilities and SOCAR Midstream Operations, as commercial operator, responsible for the commercial operations of the pipeline.
The SCP Co. shareholders are: BP (28.8 percent), TPAO (19.0 percent), AzSCP (10.0 percent), SGC Midstream (6.7 percent), PETRONAS (15.5 per cent), LUKOIL (10.0 percent) and NICO (10.0 percent).
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