BP, Georgia

Oil transportation via BTC in increased slightly in H1 2018

The volume of oil pumping through the Baku-Tbilisi-Ceyhan (BTC) pipeline in the first half of 2018 amounted to 16 million 552 thousand tons, which is 0.4% higher than the same period of 2017, Inter

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In 2017 the oil flow volume from Azerbaijan to Turkey via BTC reached 253 million barrels

Transit of oil through pipelines in Georgia in 2017 amounted to 281.7 million barrels, which is 0.9% less than in 2016, the Georgian Oil and Gas Corporation (GOGC) reports.

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BP-Azerbaijan: project of extension of export gas pipeline in Azerbaijan and Georgia for Shah-Deniz’s gas is 98% completed

The work on the extension of the South Caucasus Pipeline in Azerbaijan and Georgia has been 98% fulfilled, the press centre of BP-Azerbaijan informs.

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SOCAR: Deal on TANAP will be completed by the end of 2017

By the end of 2017, SOCAR Turkey will complete the acquisition of a 7% stake in the Trans-Anatolian pipeline (TANAP) project. This was stated by the head of the company Zaur Gakhramanov.

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Prime Minister of Georgia and BP’s head disucss extension of South Caucuses gas pipeline

The Prime Minister of Georgia Giorgi Kvirikashvili has met with chief executive of BP Robert Dudley on the margins of the World Economic Forum in Davos.

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BP proposes to consider AGRI project as additional component of Southern Gas Corridor

BP has proposed to consider the Azerbaijan-Georgia-Romania- Hungary Interconnection project (AGRI) as an additional component of the Southern Gas Corridor, official website of SOCAR reports.
Issues related to the implementation of the AGRI project were discussed in Bucharest on Wednesday, at the meeting of Energy Ministers of the countries participating in this project.
During the meeting the stands of member countries with respect to the project implementation, the final version of the feasibility study and the financing of the project were discussed.
"At the meeting, vice-president of BP on the Southern Gas Corridor Joey Murphy noted that AGRI should be considered as an additional component of Southern Gas Corridor and the effective implementation of this project required in the preparation of appropriate legal, technical and economic documents between the countries - participants".
The Energy Minister Natig Aliyev, in turn, touched the economic and social importance of the AGRI project, role of Azerbaijan in ensuring energy security of Europe, the country's contribution to the diversification of energy transportation routes, as well as ongoing energy projects.

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In the near future, BP to start large-scale mounting works on Shah-Deniz-2 project

The project of the second stage of the development of the Shah Deniz gas condensate field in the Azerbaijani sector of the Caspian Sea is rapidly progressing.
This was said by regional president of BP in Azerbaijan, Georgia and Turkey Gordon Birrell during the International Conference “Oil, gas, petrochemical and refining of Caspian Sea” - Caspian Oil & Gas 2015 in Baku.
According to him, within the framework of the project 8 wells were drilled that will provide the production of gas by the required dates.

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Total gas extraction from Shakh-Deniz in 2004-2014 made up 60 bln cubic m

​The total volume of gas extraction from the Shakh-Deniz deposit from the start of its development in December 2004 until the end of 2014 made up 60 bln cubic m, first Vice-President of SOCAR for geology, geophysics and development of deposits, Kh. Yusifadze, said.
“Within that period 15 mln tons of condensate were extracted from Shakh-Deniz”, Mr. Yusifadze said.
According to him, from the start of development of Shakh-Deniz, 4.5 bln cubic m of gas were exported to Georgia, 32 bln cubic m to Turkey.
The contract for the development of Shakh-Deniz was signed in Baku on June 4th 1996 and ratified by M. Medzhilis on October 17th 1996. The participants of Shakh-Deniz are: BP (operator, 28.8%), Petronas (15.5%), SOCAR (16.7%), «Lukoil» (10%), NICO (10%) and TPAO (19%).

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TANAP gas pipeline project is included into the list of preferential investment projects of Turkey

Transanatolian gas pipeline construction project is included into the list of preferential investment projects of Turkey. The official mass-media of Turkey reports about it. So, the Turkish Government has demonstrated a strategic meaning of the project one more time.  
An inclusion of the project into the list means VAT exemption, exemption from customs duty and receipt of other privileges.

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BP to cut jobs in Azerbaijan.

The plans of the British oil company BP, which is a major shareholder and operator of all the significant oil and gas projects in Azerbaijan, include the cuts in their projects and states around the world, and this Caspian country was no exception.
This week according to CEO Bob Dudley BP will spend $ 1 billion due to forced job cuts due to a sharp drop in oil prices in the world in 2015. In this case, the reduction will affect its offices in Azerbaijan, the US, the UK and Germany. First of all, the reduction will affect those employees who are not directly involved in the exploration and development, there usually are no extra people on the platforms.

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