UP

ADB discusses crediting of Azerbaijan’s largest gas project

Home page Economy
12 Punto 14 Punto 16 Punto 18 Punto

The Asian Development Bank (ADB) doesn't abandon crediting of the project on expansion of gas and condensate output at Azerbaijan's Shah Deniz field, Nariman Mannapbekov, ADB country director in Azerbaijan, said on June 10, Trend reports.

"Discussions and due diligence are ongoing regarding possible support from ADB for the Shah Deniz Stage II gas field expansion," Mannapbekov said.

He said that the potential for direct loans and partial credit guarantees for the benefit of third party commercial lenders are being discussed.

According to the ADB's investment plan on the second stage of the Shah Deniz field's development, posted on the bank's website, it is proposed to allocate $1,505 billion for the project.

The contract for development of the Shah Deniz offshore field was signed on June 4, 1996. The field's reserve is estimated at 1.2 trillion cubic meters of gas.

The shareholders in the contract are: BP, operator (28.8 percent), AzSD (10 percent), SGC Upstream (6.7 percent), Petronas (15.5 percent), Lukoil (10 percent), NIOC (10 percent) and TPAO (19 percent).

Date
2016.06.11 / 13:10
Author
Axar.az
See also

Oil prices edge down on global markets

Oil prices slightly up

Oil prices keep climbing

Oil prices rise again

Oil prices keep falling on global markets

Oil prices dip slightly on global markets

Oil prices dip slightly on global markets

Global oil prices see slight increase

Oil prices keep falling globally

Oil prices tumble on global markets

Latest
Xocalı soyqırımı — 1992-ci il Bağla
Bize yazin Bağla
ArxivBağla