Azerbaijan, Baku / Trend , corr S.Aliyev / Bruce Luberskiy, BP Azerbaijan Vice President for Azeri Project, stated on 15 March that at the present time the total investments under the Azeri project comprises of $6.49 bln.
The Azeri project is implemented by the Azerbaijan International Operating Company (AIOC), a BP operator. The company produces light oil and exports it via the Baku-Tbilisi-Ceyhan (BTC) main export oil pipeline, Baku-Supsa and Baku-Novorossiysk. Part of oil is delivered to the Georgian port of Batumi by railway.
In the first quarter of 2007 the amount of investment is forecasted at $30mln.
During this period, investments in the Gunashli Deepwater Field Development Project totaled $2.21 bln in the first quarter of 2007; the investments were forecast at $260 mln. Up to now, work on the project is 78% complete.