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Oil companies in Azerbaijan decrease social responsibility costs

Economy Materials 1 March 2016 13:49 (UTC +04:00)
Some $4.5 million were spent in 2015 for social responsibility projects conducted as part of the projects that are operated in Azerbaijan by the British company BP, versus $5.78 million in 2014

Baku, Azerbaijan, March 1

By Maksim Tsurkov - Trend:

Some $4.5 million were spent in 2015 for social responsibility projects conducted as part of the projects that are operated in Azerbaijan by the British company BP, versus $5.78 million in 2014, the company's report said.

The British company's report covered its work in Azerbaijan in 2015.

The costs within the development of Azeri-Chirag-Guneshli block of Azerbaijani offshore fields in 2015 totaled $0.4 million, the gas and condensate field Shah Deniz in the same period stood at $0.4 million, the Baku-Tbilisi-Ceyhan and Baku-Tbilisi-Erzurum pipelines - at $0.9 million.

BP, which participates in all these energy projects, spent some $2.8 million within its own social responsibility projects.

In 2014, some $5.87 million was spent on social responsibility projects, operated by British BP in Azerbaijan, which is 2.6 times higher than the costs of the company in 2013.

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Follow the author on Twitter: @MaksimTsurkov

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