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BP confirms readiness to cooperate with Azerbaijan in Caspian Sea

BP confirms readiness to cooperate with Azerbaijan in Caspian Sea

 BP-Azerbaijan press speaker Tamam Bayatly said that BP will continue working with the State Oil Company of the Azerbaijani Republic (SOCAR) at the Azeri-Chirag-Guneshli Field, 1news reports.Azerbaijani President Ilham Aliyev attended a Cabinet session on socio-economic development of 9 months of 2012 and expressed criticism of BP. He said that oil extraction at the Azeri and Chirag fields started dropping after many mistakes made by BP. 

Baku-Supsa pipeline shutdown not to hurt production-BP

The Baku-Supsa oil pipeline will be shut for planned repairs from May 15 to June 15 but the closure will not affect production and export from the Azeri-Chirag-Guneshli (ACG) project, operator BP-Azerbaijan said on Monday.The roughly 74,000 barrels per day the Baku-Supsa pipeline normally pumps from the Chirag field will be diverted to the Baku-Tbilisi-Ceyhan pipeline, BP-Azerbaijan spokeswoman Tamam Bayatly said, Reuters reports.

Azerbaijan launches second stage of Shah Deniz development

 Azerbaijan has started preliminary activities for the second stage of development of the Shah Deniz Field, BP-Azerbaijan said on Tuesday.The decision was announced by BP Chief Executive Robert Dudley at a meeting with Azerbaijani President Ilham Aliyev.The second stage of Shah Deniz development is worth $25 billion. 

BP-Azerbaijan to spend $2.516 billion on Azeri-Chirag-Gunsehli in 2012

BP-Azerbaijan spent $699 million on the operation of the Azeri-Chirag-Guneshli Field in the Azerbaijani sector of the Caspian Sea and $1.912 billion as capital expenses in 2011, APA reports.The company plans to spend $708 million on operation of the Azeri-Chirag-Guneshli Field and $2.516 billion as capital expenses, which is an increase by 1.3% and 31.6% respectively.The Chirag, Central Azeri, Western Azeri, Eastern Azeri, Deepwater Gunashli platforms extracted 35.4 million tons of oil in 2011.

Gas supply from Shah Deniz to be restored today

 Gas supply from Shah Deniz is to be restored today, APA reports.Tamam Bayatly, press secretary of BP-Azerbaijan, said that maintenance works had started at 4 pm yesterday.25 million cubic meters of gas are extracted at the field daily. Turkey has recently stopped supplying Greece with gas after an incident.

BP completes platform repairs in Azerbaijan

BP, which is developing the block of offshore fields "Azeri-Chirag-Guneshli" in Azerbaijan, has completed work on the platform "Central Azeri" within the technical maintenance program of three extractive platforms in the Caspian Sea, the company told Azerbaijani news agency Trend. According to the information, all the operations planned to be conducted on the platform have been completed. At present, operations on testing are underway.

BP to stress keeping Caspian ecology safe

BP plans to minimize ecological risks in the Caspian Sea, the director of the BP-Azerbaijan Department for Environment, Faik Askerov, says, 1news.az reports.

Evaluation of proposals for export of Azerbaijani gas to Europe is initiated

The consortium on development of the Shakh-Deniz gas field has received final offers from the leading pipeline projects - Nabucco, ITGI and TAP - on Azerbaijani gas supplies to Europe, 1news.az reports, citing the information of the company BP-Azerbaijan.The launch of gas production at the Shah-Deniz-2 gas field is scheduled for 2017. Out of the 16 billion cubic meters of gas expected to be produced at the field, 6 billion cubic meters will be sold to Turkey, and 10 billion cubic meters will be sold to Europe.

BP to start drilling at Shafag-Asiman block in second half of 2016

BO-Azerbaijan will start drilling at the Shafag-Asiman block in theAzerbaijani sector of the Caspian Sea in the second half of 2016, ArzuJavadov, head of the geological exploration group of the BP-AzerbaijanCompany, said in his report on ecology within seismological research,Trend reports.

BP-Azerbaijan presents new technologies to SOCAR president

BP-Azerbaijan has presented new environmental-protection technologies to the vice president of the State Oil Company of Azerbaijan (SOCAR), Trend cites a statement by SOCAR.The presentation was held in the framework of SOCAR vice president Rafiga Guseynzade's inspection of oil-processing facilities.

Oil pumping on Baku-Supsa pipeline halted

Oil pumping on Baku-Supsa pipeline has been halted due to oilextraction stopped at Chirag field, 1news.az reports, citingBP-Azerbaijan.BP-Azerbaijan said that oil extraction at Azeri and the deepwater partof Guneshli and other facilities, including Sangachal terminal, iscarried out at normal mode.

BP-Azerbaijan will not raise prices for BTJ oil

BP-Azerbaijan declined the proposal of the Turkish company Botas toraise prices for oil pumping on the Turkish section of theBaku-Tbilisi-Jeykhan (BTJ) pipeline. The head of BP-Azerbaijan, Rashid Javanshir, said that the prices fortransit had been agreed on by all participants of the consortium, and decisions to raise prices should be made in concert, Turkish newspaperVatan reports.

Georgia expects to more investments for construction of new Azerbaijani gas pipeline

Expansion of the South Caucasus pipeline will increase directinvestments to Georgia and improvement of the country's economy,Georgian Energy Minister Aleko Khetaguri said after a decision by BPto start construction of a new Azerbaijani gas pipeline, News Georgiareports.He spoke about the positive affect of Baku-Tbilisi-Jeykhan andBaku-Tbilisi-Erzurum pipelines on Georgian economy.

New head of BP arrives in Azerbaijan

New head of BP arrives in Azerbaijan

The new president of BP, Robert Dudley, and the former head of the company, Tony Hayward, have arrived in Azerbaijan on a two-day visitTheir schedule includes meetings with the authorities and the staff of BP-Azerbaijan and visiting the Sangachal terminal.

Baku-Tbilisi-Jeikhan pipeline begins transporting Turkmenian oil

According to BP-Azerbaijan, Turkmenian oil has started to be transported via the Baku-Tbilisi-Jeikhan pipeline, day.az reports. An agreement on oil supplies was signed in July, but the oil volume is not large. Kazakhstani oil from the “Tengiz” field will be transported by the Baku-Tbilisi-Jeikhan (BTC) pipeline. The capacity of the pipeline is 1.2 million barrels daily.