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Oil companies in Azerbaijan decrease social responsibility costs

Economy Materials 25 May 2016 09:44 (UTC +04:00)

Baku, Azerbaijan, May 25

By Maksim Tsurkov - Trend:

Some $339,100 were spent in the first quarter of 2016 for social responsibility projects conducted as part of the projects that are operated in Azerbaijan by the British company BP, versus $1.37 million for the same period of 2015, the company's report said.

The British company's report covered its work in Azerbaijan in January-March 2016.

The costs within the development of Azeri-Chirag-Guneshli block of Azerbaijani offshore fields in the first quarter of 2016 totaled $51,300, the gas and condensate field Shah Deniz in the same period stood at $7,900, the Baku-Tbilisi-Ceyhan and Baku-Tbilisi-Erzurum pipelines - at $104,800.

BP, which participates in all these energy projects, spent some $175,000 within its own social responsibility projects.

In 2015, some $4.5 million was spent on social responsibility projects, operated by British BP in Azerbaijan, compared to $5.78 million in 2014.

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Follow the author on Twitter: @MaksimTsurkov

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