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TPAO Announced Amount of Investments Put to Azerbaijan’s Economy

Oil&Gas Materials 26 March 2007 16:53 (UTC +04:00)
TPAO Announced Amount of Investments Put to   Azerbaijan’s Economy

Azerbaijan, Baku/ Trend corr. S. Aliyev / 80% of the total volume of investments of Turkey's TPAO in 2006 arose from different projects implemented in Azerbaijan, Trend reports quoting a report by the Turkish Company.

In general, in 2006, TPAO invested about $416 mln abroad and $292 mln was invested in different projects implemented domestically (in Turkey).

According to the expectations and forecast for 2007, the volume of investments for foreign projects is expected to reach $399 mln and $368 mln locally. Notably, in 2003, these indicators equaled $376 mln and $71 mln respectively, in 2004, $524 mln and $147 mln respectively and in 2006 $544 mln and $210 mln respectively.

Country Investments Put in 2006 (in ths. USD) Investments in Total (in ths. USD)
412.588 2.507.434
ACG Project - TPAO + SOCAR's share (stake) 248,715 1.690.714
"Shah Deniz" Project 80,640 336.710
"Alov" Project 3,160 26.102
"BTC" Project 51,841 324.151
"SCP" Project 27,450 107.478
TPAO's Baku Office 782 4.977
97 4.514
- 287.673
- 25.549
TPAO's 's Office/Investments 2.789 24.815
459 566
Totally 415.933 2.850.551
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