Baku, Fineko/abc.az. In the 3rd quarter oil company BP Azerbaijan lowered much more expenditures on initiatives concerning social sector of Azerbaijan.
BP Azerbaijan reports that during the first three quarters of 2009 its social investments amounted $2.38 million ($1 million in the 1st quarter, $870,000 in the 2nd quarter and 510,000 in the 3rd quarter) versus $6.4 million in 2008.
“For Jan-Sept of the year social investments within Azeri-Chirag-Gunashli Project totaled $510,000 ($200,000, $180,000, and 130,000 respectively), Shah Deniz Project $280,000 ($100,000, $140,000, $40,000), BTC/SCP Project $290,000 ($500,000, $450,000, and $660,000), and BP 100 Project $300,000 ($200,000, $100,000, and $0),” it was reported.
Last year social investment on ACG reached $1.4 million, Shah Deniz $800,000, BTC/SCP $3.9 million, BP 100 - $300,000 or on average by $350,000, $200,000, $975,000 and $75,000 respectively a quarter.
20.11.2009 09:22
- Official sanction was given for $6 billion stage of development of largest oil block in Azerbaijan
- ACG Project contractors plan to halve this year’s target on associated gas delivery to SOCAR
- Daily production from Azerbaijan’s Shah Deniz field dropped to 16.9 million cu m while growth target was 22.6%
- Contractors sanction next stage of oil main project of Azerbaijan in 1st and to start drilling in 3rd quarter
- Capital expenditures on Azerbaijan’s Shah Deniz to double in 2010
- Azerbaijan’s key oil producer has announced plans on oil production rise up to 854,000 bpd
- Azerbaijan’s key oil producer announces on plans of increasing of capital expenditures in 2010
- Works on Phase 2 of Azerbaijan’s Shah Deniz Project launched
- BTC loads 1000th tanker at Ceyhan
- BP Azerbaijan and Qafqaz University sign Memo for staff training for chemical, oil and gas industry
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