More Bad News For BP – This time From Baku

April 20, 2006By Andy RowellBlog Post

More bad new for BP: It has admitted the Baku-Ceyhan oil pipeline will cost 30 per cent more than first expected. David Woodward, head of BP Azerbaijan, said yesterday the 1,768 km (1,099 mile) pipeline would cost $3.9bn (£2.18bn) rather than $2.95bn. Although that is bad news – you just wait until the company starts … Read More