Oil companies’ social initiatives expenditures up 4-fold in Azerbaijan
Baku, Azerbaijan, Aug. 18
By Maksim Tsurkov – Trend:
Expenditures for social initiatives, implemented as part of BP projects in Azerbaijan, totaled $3.45 million in 1H17, as compared to $820,800 in the same period of 2016, says the company’s recent report on its activity in the country.
As part of the development of the Azeri-Chirag-Gunashli (ACG) block of oil and gas fields, such expenditures totaled $211,200, Shah Deniz gas condensate field – $105,500, Baku-Tbilisi-Ceyhan (BTC) and Baku-Tbilisi-Erzurum pipelines – $546,900, in the period.
BP, which is a participant of all the abovementioned energy projects, spent almost $2.59 million as part of its own social initiatives.
In 2016, expenditures on social initiatives, as part of projects operated by BP, amounted to $1.51 million, as compared to $4.5 million in 2015.
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