BP invests $ 4.1 bn in Azerbaijan in 2003
Investment in British Petroleum projects in Azerbaijan, including the Azeri-Chirag-Guneshli and Shah Deniz fields and
the construction of the Baku-Tbilisi-Ceyhan pipeline, amounted to $ 4.1 bn in 2003, Azer Zeinalov, director of the BP
Baku business centre, said at a meeting of the Caspian Integration Business Club. Of this amount, $ 3.9 bn was spent
on orders from subcontractors, including $ 350 mm -- from Azerbaijani companies.
"Foreign subcontractors that do not operate in Azerbaijan carried out $ 1.7 bn worth of orders and foreign companies
working in the republic -- $ 1.8 bn, of which $ 800 mm was spent in republic and $ 1 bn -- outside Azerbaijan,"
Zeinalov said.
He said that small and mid-sized Azerbaijani companies carried out $ 48 mm worth of orders, state companies -- $ 116
mm, and joint ventures -- $ 191 mm. Zeinalov also said that at the moment over 500 companies provide subcontractor
services for BP projects, of which over 300 are domestic companies and 200 -- foreign companies.
Participants in the project to develop the Azeri, Chirag and the deep water section of the Guneshli are as follows:
BP -- 34.1367 %; the US companies Unocal -- 10.2814, ExxonMobil -- 8.0006 % and Devon Energy -- 5.6262 %;
Azerbaijan's SOCAR -- 10 %, Japan's Impex -- 10 % and Itochu -- 3.9025 %, Norway's Statoil -- 8.5633 %, Turkey's TPAO
-- 6.75 %, and Saudi Delta Oil -- 1.68 %.
Shareholders in the project to develop the Shah Deniz field include BP -- 25.5 %, Statoil -- 25.5 %, LUKAgip -- 10 %,
TotalFinaElf -- 10 %, SOCAR -- 10 %, National Iranian Oil Company -- 10 % and TPAO -- 9 %.
Participants in the BTC project are: British Petroleum (30.1 %), SOCAR (25 %), Unocal (8.9 %), Statoil (8.71 %), TPAO
(6.53 %), ENI (5 %), Itochu (3.4 %), ConocoPhillips (2.5 %), Inpex (2.5 %), TotalFinaElf (5 %), and Amerada Hess
(2.36 %).
