BP : Azerbaijan to get bonus of $3.6 billion from BP-led oil group for new contract
09/14/2017 | 08:12am CET
Azerbaijan government will receive a one-off bonus of $3.6 billion (2.73 billion pounds) from the BP-led consortium, which develops Azeri-Chirag-Guneshli (ACG) oilfields for the contract extension until 2050, Azerbaijan's president Ilham Aliyev said on Thursday.
He also said the remaining oil reserves of ACG oilfields stand at 500 million tonnes.
(Reporting by Nailia Bagirova; Writing by Polina Nikolskaya; Editing by Vladimir Soldatkin)