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President accuses BP of mistakes leading to drop in Azerbaijan's oil output
Thu 11 October 2012 04:23 GMT | 5:23 Local Time
Ilham Aliyev
President of Azerbaijan Ilham Aliyev has accused the BP-led
international consortium of the sharp decline in oil output on the
Azeri and Chirag fields in the Azerbaijani sector of the Caspian Sea.
According to Ilham Aliyev, for the reason of numerous mistakes of the
consortium, the oil production on Azeri and Chirag fields started to
decline over the past years.
According to President Ilham Aliyev, speaking at the session of the
Cabinet of Ministers of Azerbaijan, on results of socioeconomic
development of the country over the nine months of this year, the
consortium does not fulfill its forecasts on oil production.
Meanwhile, the head of state noted that the decrease in production
started after 2008 when in line with the contract, the volumes of
distributed revenues from oil production changed in Azerbaijan's favor
and became 75 to 25.
Thus, according to Ilham Aliyev, the output forecast in 2009 made
46,800,000 tonnes, while in fact only 40,300,000 tonnes were produced.
In turn, the forecast in 2010 made 42,100,000 tonnes, while the real
production volume was at 40,600,000 tonnes. Similar situation was
observed in 2011: 40,200,000 tonnes were predicted and the real
production made just 36,000,000 tonnes.
According to the head of state, 33,000,000 tonnes will be producted at
2012 with the forecast at 35,600,000 tonnes.
According to President Aliyev, Azerbaijan did not receive the revenues
in the amount of $8.1bn based on the theoretical oil price in the
amount of $100 (while sometimes it was even higher) through these
years.
All the same the Azerbaijani leader recalled that by investing
$28,700,000,000 to the fields development, the consortium has already
received a revenue of $73bn.
`The promises and forecasts must be fulfilled', the head of state said
especially noting that such an expected decline occurred solely due to
BP's rude mistakes.
President Aliyev also reminded that Azerbaijan supported BP even in
difficult times.
`We expect the adequate attitude', he said.
Noting that BP has already promised to put an end to such phenomena
and dismiss the employees responsible for these mistakes, the
president said with regret that the promises have not been fulfilled
yet.
The president noted that SOCAR has already given an instruction to
raise this issue officially and take necessary measures.
`Series measures will be taken', the head of state said.
News.Az
From: A. Papazian
Thu 11 October 2012 04:23 GMT | 5:23 Local Time
Ilham Aliyev
President of Azerbaijan Ilham Aliyev has accused the BP-led
international consortium of the sharp decline in oil output on the
Azeri and Chirag fields in the Azerbaijani sector of the Caspian Sea.
According to Ilham Aliyev, for the reason of numerous mistakes of the
consortium, the oil production on Azeri and Chirag fields started to
decline over the past years.
According to President Ilham Aliyev, speaking at the session of the
Cabinet of Ministers of Azerbaijan, on results of socioeconomic
development of the country over the nine months of this year, the
consortium does not fulfill its forecasts on oil production.
Meanwhile, the head of state noted that the decrease in production
started after 2008 when in line with the contract, the volumes of
distributed revenues from oil production changed in Azerbaijan's favor
and became 75 to 25.
Thus, according to Ilham Aliyev, the output forecast in 2009 made
46,800,000 tonnes, while in fact only 40,300,000 tonnes were produced.
In turn, the forecast in 2010 made 42,100,000 tonnes, while the real
production volume was at 40,600,000 tonnes. Similar situation was
observed in 2011: 40,200,000 tonnes were predicted and the real
production made just 36,000,000 tonnes.
According to the head of state, 33,000,000 tonnes will be producted at
2012 with the forecast at 35,600,000 tonnes.
According to President Aliyev, Azerbaijan did not receive the revenues
in the amount of $8.1bn based on the theoretical oil price in the
amount of $100 (while sometimes it was even higher) through these
years.
All the same the Azerbaijani leader recalled that by investing
$28,700,000,000 to the fields development, the consortium has already
received a revenue of $73bn.
`The promises and forecasts must be fulfilled', the head of state said
especially noting that such an expected decline occurred solely due to
BP's rude mistakes.
President Aliyev also reminded that Azerbaijan supported BP even in
difficult times.
`We expect the adequate attitude', he said.
Noting that BP has already promised to put an end to such phenomena
and dismiss the employees responsible for these mistakes, the
president said with regret that the promises have not been fulfilled
yet.
The president noted that SOCAR has already given an instruction to
raise this issue officially and take necessary measures.
`Series measures will be taken', the head of state said.
News.Az
From: A. Papazian