Closed-door Shah-Daniz presentation held

A closed-door presentation of future operations on the "Shah-Daniz" prospect was held at the Hyatt Regency Hotel of Baku Monday. A source from BP, operator of the project, said no official reports would be released for press.

According to an informed sources, the ceremony was attended by the SOCAR president Natiq Aliyev and head of SOCAR’s foreign investment section Valeh Alasgarov.

The associate president of BP in Azerbaijan David Woodward says $2.7 billion will be invested in "Shah-Daniz" on the first stage and first gas from the prospect will reach Turkey in 2004.*