BP looks to Azeri cash to meet production targets

euronews (in English)
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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.

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