BP-Led Caspian Gas Project to Cost Up to $30 Billion
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The BP Plc-led Shah Deniz natural-gas development will cost as much as $30 billion, compared with a previous estimate of $25 billion, said Rovnaq Abdullayev, president of State Oil Co. of Azerbaijan, or Socar.
“In total, the second phase of Shah Deniz will cost $28 billion to $30 billion,” Abdullayev told reporters today in the Azeri capital of Baku.