Investments in ACG total $7bn
$7bn manats has been invested since the beginning of the implementation of the Azeri-Chirag-Gunashli (ACG) fields, Nadir Imanov, a spokesman of BP, an operator of ACG, told journalists in a briefing at he Sangachal Terminal on 17 March.
According to Imanov, since 2001 expenses under the ACG project (Phase 1 and Phase 2) have comprised $6bn and under Phase 3 - $1bn. The Phase 3, which was sanctioned in September 2004, envisages the development of deepwater Gunashli field.
He noted that in 2005 $1,3bn was spent under the Azeri project and $0.8bn under Phase 3. In 2006 $0.5bn was spent under Azeri project and $1.3bn under Phase 3.