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Oil companies in Azerbaijan increase social responsibility costs

Economy Materials 1 December 2015 17:18 (UTC +04:00)
Some $4.52 million were spent in January-September 2015 for social responsibility projects conducted as part of the projects that are operated in Azerbaijan by the British company BP, versus $3.84 million in the same period of 2014

Baku, Azerbaijan, Dec.1

By Maksim Tsurkov - Trend:

Some $4.52 million were spent in January-September 2015 for social responsibility projects conducted as part of the projects that are operated in Azerbaijan by the British company BP, versus $3.84 million in the same period of 2014, the company's report said.

The British company's report covered its work in Azerbaijan between January and September 2015.

The costs within the development of Azeri-Chirag-Guneshli block of Azerbaijani offshore fields in Jan.-Sept.2015 totaled $0.42 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 $0.85 million.

BP, which participates in all these energy projects, spent some $2.85 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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