Caspian Energy Journal Caspian European Club
Wednesday, 30 May 2018 17:36

SGC expenditures reached $9bln at the end of April

SGC expenditures reached $9bln at the end of April

Negotiations with international financial institutions regarding the loans for the implementation of the SGC project are ongoing.

Expenditures of the Southern Gas Corridor CJSC totaled $9bln at the end of April. 0.5 of this sum was spent in the first four months of this year. In general, $1.3bln was spent this year. $1.6bln are to be spent in 2019-2020. General Director of SGC Afghan Isayev said within the framework of the 25th international Caspian Oil & Gas conference held in Baku.

According to him, another $1.6 bln will have to be attracted by 2020 in order to fund the share of Azerbaijan in the SGC project. Of this sum, $1.4 bln is meant for the coming year and $0.2bln for 2020”, Isayev said.

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