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Wednesday, 19 April 2006
BP SAYS BAKU-CEYHAN PIPELINE COST RISES 30 PCT
By empty (4/19/2006 issue of the CACI Analyst)
The cost of the Baku-Ceyhan oil pipeline has risen to $3.9 billion, 30 percent above the original estimate of $2.95 billion, the head of BP Plc in Azerbaijan said on Wednesday.
The cost of the Baku-Ceyhan oil pipeline has risen to $3.9 billion, 30 percent above the original estimate of $2.95 billion, the head of BP Plc in Azerbaijan said on Wednesday. David Woodward, head of BP Azerbaijan, told reporters that the costs of contractors and building materials had forced up the cost of the pipeline, which BP is leading. (Reuters)