Advertising Console

    BP looks to Azeri cash to meet production targets

    Repost
    euronews (in English)

    by euronews (in English)

    10.8K
    90 views
    British oil giant BP will need subsidies from Azerbaijan's government to prevent a further slide in output at its Azeri oil project.

    Oil executives and diplomats think massive additional investment is needed to hit original production targets of 1 million barrels per day.

    Since the third phase of the project came online in 2008, output had averaged less than 700,000 barrels.

    ...
    http://www.euronews.net/