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Р’Р  Predicts Azerbaijan's 2006 Revenue from ACG to be $3bn

Politics Materials 28 August 2006 13:14 (UTC +04:00)
Р’Р  Predicts Azerbaijan's 2006 Revenue  from ACG to be $3bn

During 2006, Azerbaijans revenue from the Azeri-Chirag-Guneshli Project is making a total of $3bn, including those from oil sales profit and other payments, said David Woodward, AzBU Manager. He said in 2005 income amounted to $825mln, from which $807mln was from profit of oil sales.

Mr Woodward said that during 2006 it is planned to produce a total of 30mln tons of oil, which is a record for the centennial oil production in the Country. BP personnel totaled 1,600 as of late 2005, AzBU Manager said.

In 2005 BP spent $25.45mln for social investments in Azerbaijan, Georgia and Turkey. Last year Р'Р  Azerbaijan collaborated with 522 Azeri companies.

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