Middle East Economic Survey

VOL. XLVII

No 35

30-August-2004

CASPIAN

BP Reports On 1H 2004 Activities In Azerbaijan

BP Azerbaijan Associate President David Woodward reported on 16 August that during the first half of 2004 the partners in the Azerbaijan International Operating Company (AIOC), which is led by BP, spent $42mn of the $90mn planned operating expenditure and $1.339bn of the $2.364bn planned capital expenditure on activities in the Azeri-Chirag-Guneshli (ACG) oilfield. Our production...