Baku 17° C
533 mln USD spent on ACG project in Q1 of 2016
Energy
- 24 May, 2016
- 13:16
Add Report.az to preferred Google sources
Stay up to date with the top news!
Baku. 24 May. REPORT.AZ/ In the first quarter of 2016, operating expenses for the project "Azeri-Chirag-Guneshli" (ACG) totaled approximately 137 mln USD, capital expenditure -. 396 mln USD..
Report informs referring to BP-Azerbaijan, ACG expenses decreased YoY by 15.4%.
During the reporting period, 5 and 2 water wells drilled in ACG.
Agreement on the joint development and sharing production from ACG block of fields was signed on September 20, 1994 in Baku.
Participants in the project are the companies BP (35,8% - operator), SOCAR (11,6%), Chevron (11,3%), Inpex (11%), Statoil (8,6%), ExxonMobil (8%), TPAO (6,8%), Itochu (4,3%), ONGC Videsh Ltd. (2.7%).
Author
AÇG layihəsinə I rübdə 533 mln. dollar xərclənib
На проект АЧГ в первом квартале потрачено 533 млн. долларов
Latest News
16:13
Oman stands for strengthening international anti-corruption cooperation
Other countries
16:09
Azerbaijan has long been a meeting point of cultures, heritage chief says
Cultural policy
16:05
OECD confirms Azerbaijan's compliance with country-by-country reporting rules
Business
16:02
PASHA Capital CEO: Bond guarantees could attract more investors
Finance
15:59
Bosnia and Herzegovina looks to strengthen anti-corruption co-op with Azerbaijan
Foreign policy
15:58
Abas Miskarli: Azerbaijani insurers may allocate just 2–3% of portfolios to risky assets
Finance
15:55
Senegal attaches great importance to anti-corruption co-op, OFNAC chairman says
Foreign policy
15:51
Organized crime groups increasingly using AI to conceal assets, Tunisian official says
Foreign policy
15:45
Azerbaijan's European boxing medal tally reaches 25 in 2026
Individual sports