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Oil companies in Azerbaijan decrease costs

Oil&Gas Materials 22 August 2016 17:21 (UTC +04:00)

Baku, Azerbaijan, Aug. 22

By Azad Hasanli - Trend:

Some $820,800 were spent in the first half of 2016 for social responsibility projects conducted as part of the projects that are operated in Azerbaijan by the British company BP, versus $2.56 million for the same period of 2015, the company's report said.

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

The costs within the development of Azeri-Chirag-Guneshli block of Azerbaijani offshore fields in the first half of 2016 totaled $93,500, the gas and condensate field Shah Deniz in the same period stood at $26,600, the Baku-Tbilisi-Ceyhan and Baku-Tbilisi-Erzurum pipelines - at $235,800.

BP, which participates in all these energy projects, spent some $464,900 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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