Oil companies in Azerbaijan decrease costs

Oil&Gas Materials 18 November 2016 20:27 (UTC +04:00)

Baku, Azerbaijan, Nov. 18

By Maksim Tsurkov - Trend:

Some $908,400 were spent in Jan.-Sept. 2016 for social responsibility projects conducted as part of the projects operated by BP in Azerbaijan, versus $4.52 million for the same period of 2015, the BP Azerbaijan's report said.

The British company's report covered its work in Azerbaijan in Jan.-Sept. 2016.

The costs within the development of Azeri-Chirag-Guneshli block of Azerbaijani offshore fields in Jan.-Sept. 2016 totaled $102,700, the costs within the development of the Shah Deniz gas and condensate field in the same period stood at $35,100, the Baku-Tbilisi-Ceyhan and Baku-Tbilisi-Erzurum pipelines - at $261,300.

BP, which participates in all these energy projects, spent some $509,300 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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