BP SUBMITTED REPORT ON COMPANYвЂ™S SUSTAINABLILITY
On August 8, BP, the largest foreign oil and gas operator in Azerbaijan, submitted report on the companyвЂ™s sustainable development in the country. The report mentions, by approximate estimates, the revenues of Azerbaijan from implementation of the Azeri-Chirag-Gyuneshli (ACG), Baku-Tbilisi-Ceyhan (BTC), Shah-Deniz (SD) and the South Caspian Pipeline (SCP) projects in the period of 1994-2024 will make up $107 billion, Trend reports.
The document also notes, in 2004 capital expenditures on ACG, BTC, SD/SCP projects, В"InamВ" and В"РђlovвЂќ made up some $5,123 billion. The major part from this amount fell at the ACG project, - almost $2,555 billion.
В"We have been engaged in developing of the report for 14 years at the BP Group. As long as in 1991, when we developed our first report, it covered various health, labour safety and environmental issues. Today our reports are larger and they contain a comprehensive picture of the BPвЂ™s activitiesвЂќ, BP group manager on sustainability policy David Bickerton stated at the press briefing on 8 August.
According to the BP Azerbaijan head David Woodward, 70% of the investments targeted at business services are currently spent with local companies. вЂњOur goal is to exhaust all business services of the local companies on achieving the required standards by themвЂќ, Woodward pointed out.