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Description |
The upstream project includes construction of 26 subsea wells, two offshore platforms, gas and condensate subsea pipelines, expansion of the Sangachal terminal, two 900 mmscfd gas compressors, and connection to the South Caucasus Pipeline. |
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Objectives and Scope |
(1) To increase the output of one of Azerbaijan''s most important economic generators, (2) to establish Azerbaijan a peer in the regional economy in contributing to the promotion of value-added industries such as downstream processing, and (3) to generate substantial employment in Azerbaijan. |
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Linkage to Country/Regional Strategy |
The project is aligned with the draft Azerbaijan country partnership strategy (CPS) 2014-2018, specifically in the support of select downstream petrochemical investments. The project will help convince the international finance community on the bankability of large-scale financings in Azerbaijan. |
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