BP and its partners in the Shah Deniz project are reportedly facing a cost increase of as much...

|About: BP p.l.c. (BP)|By:, SA News Editor
BP and its partners in the Shah Deniz project are reportedly facing a cost increase of as much as $5B to develop the second phase of the Caspian Sea gas field off Azerbaijan. The partners already have approved spending of $6B on construction of platforms and infrastructure next year. Nevertheless, BP +1.5% premarket.