BP faces Shah Deniz 'budget hike'

BP and its partners in the Shah Deniz project are reportedly facing a cost increase of as much as $5 billion to develop the second phase of the Caspian Sea gas field off Azerbaijan.

Going higher: at Shah Deniz in Caspian Sea
Going higher: at Shah Deniz in Caspian Sea
Published 2 January 2013, 10:49Updated 2 January 2013, 10:54