The payment disclosure covers production entitlements, taxes, royalties, fees, bonuses and infrastructure improvements. BP’s payments to the Azeri government amounted to $10.59bn, of which production entitlements accounted for $9.96bn.
BP also paid $171.7mn in taxes, $2.8mn in fees and $451mn in bonuses in the country.
The company serves as operator of the country’s flagship Azeri-Chirag-Gunashli oil project, the Shah Deniz gas field, and has interests in the oil and gas pipelines that carry their production to market. It is also involved in various exploration projects.
The UAE accounted for a further $3.23bn of BP’s government payments, while Oman received $1.68bn, Angola $1.51bn and the US $1.07bn. The UK received only $127mn.