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Fri 03 September 2010 | 10:45
ECONOMY
Azerbaijan hopes to receive $11.4bn from BP in 2010

Wed 24 February 2010 | 13:52 GMT Text size:

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Azerbaijan's overall profits from projects operated by BP will be $11.4bn in 2010 if the oil price is $60 per barrel.

Azerbaijan’s revenues from BP projects topped $11.7bn in 2009, a fall of $4.9bn on 2008 when revenue was $16.3bn.

BP-Azerbaijan is the operator of the Azeri-Chirag-Deepwater Guneshli offshore oil fields, the Shah Deniz offshore gas condensate field and the Araz-Alov-Sharg prospect.

It is also the operator of the Baku-Tbilisi-Ceyhan oil pipeline and the South Caucasus gas export pipeline.

Rufat Aliyev
News.Az


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