 | AIOC to spend over $500mln in 2001 |
In the first quarter of 2001, the AIOC spent $30 million in capex and $17 million in opex, according to the AIOC president David Woodward.
He said capex for 2001 would constitute $450 million and opex $97.2 million.
In the remaining part of the year, the AIOC expenses will rise as compared to January-March.
“We plan to drill new wells on Chirag this year and complete the upgrade of the drilling rig”, Mr. Woodward said.
The AIOC president indicated that high labor safety performance had been reached with no time losses resulting from breakdowns.*
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Issue: April, 27, 2001
POLITICS
Turkic Summit overGenocide of Azeris talking point in int’l organization
ECONOMICSAIOC to spend over $500mln in 2001Ramco sells interest in BTCOver 6mln tons of oil to be refined this yearAzeriGas plans on 3 projects with WBCSC raising freight turnover'AzerKimya' announces tender for supply of technical saltFeasibility study for reconstruction of subterranean gas storage ready
ECOLOGYScholars struggling for safer Caspian
MISCELLANEOUSAzerbaijan voices protest to Iran
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