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Azerbaijan accounts for over half of BP govt funds
Azerbaijan accounted for 54% over BP’s $19.725bn in international funds to authorities in 2021, the vitality main reported on June 24, in compliance with UK laws.
The fee disclosure covers manufacturing entitlements, taxes, royalties, charges, bonuses and infrastructure enhancements. BP’s funds to the Azeri authorities amounted to $10.59bn, of which manufacturing entitlements accounted for $9.96bn.
BP additionally paid $171.7mn in taxes, $2.8mn in charges and $451mn in bonuses within the nation.
The corporate serves as operator of the nation’s flagship Azeri-Chirag-Gunashli oil venture, the Shah Deniz fuel discipline, and has pursuits within the oil and fuel pipelines that carry their manufacturing to market. It is usually concerned in numerous exploration tasks.
The UAE accounted for an extra $3.23bn of BP’s authorities funds, whereas Oman acquired $1.68bn, Angola $1.51bn and the US $1.07bn. The UK acquired solely $127mn.
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