Baku, Azerbaijan, July 3
By Leman Zeynalova – Trend:
The volume of expenditures by BP and its co-venturers on projects in Azerbaijan stood at $35.398 billion in 2014-2018, Trend informs citing BP’s Sustainability Report.
The total volume of capex by BP and its co-venturers in Azerbaijani projects in 2018 amounted to $2.988 billion in 2018, as compared to $4.873 billion in 2017, while the operating expenditure stood at $1.238 billion in 2018, compared to $1.069 billion in 2017, reads the report.
The company said that $72 billion worth capital expenditure was spent on the Azeri-Chirag-Gunashli (ACG), Baku-Tbilisi-Ceyhan (BTC), Shah Deniz and South Caucasus Pipeline (SCP) projects since the beginning of operations in 1995.
Moreover, BP said $82 million was spent jointly with its co-venturers on social programs including community development and educational initiatives since the start of its operations in Azerbaijan.
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