Azerbaijan, Baku / Trend corr S. Aliyev / Azerbaijan's incomes from implementing the Azeri-Chirag-Gunashli (ACG) field are expected to exceed the forecasts in 2007. "At the beginning of the year, incomes were forecasted to make up $3.5bln, but they will be more," BP-Azerbaijan's Commercial Vice President, Phil Home, reported at a press conference on 15 August.
That is explained by the constantly increasing prices for oil. ВР is considering the figure and will publicize it later.
In 2006, Azerbaijan's incomes from the project amounted to $3.2bln. The incomes include taxes, funds received from sale of lucrative oil, bonus payments, tariff payments, and others. Azerbaijan's profits from the project will be ever increasing in the next years.
The parties to the agreement on the production sharing agreement on Azeri-Chirag-Guneshli field are BP (operator- 34.1%), ChevronTexaco (10.2%), SOCAR (10%), INPEX (10%), Statoil (8.6%), ExxonMobil (8%), TPAO (6.8%), Devon (5.6%), ITOCHU (3.9%) and Hess (2.7%).
The amount of required capital for the project is $20bln.