Azerbaijan's Aliyev blasts BP

Tough talk: Azeri leader incensed by BP "mistakes"

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By Eoin O'Cinneide and news reports

 11 October 2012 13:06 GMT

BP remains “committed” to Azerbaijan despite the country’s president accusing the supermajor of making “false promises” and “erroneous forecasts” about production at its plays.

President Ilham Aliyev has demanded the British giant take action over its continued failure to meet production targets which he maintained have left the country’s coffers $8.1 billion short.

BP is Azerbaijan’s largest foreign investor and operates the largest oilfield in the country’s sector of the Caspian Sea, Azeri-Chirag-Deepwater Gunashli (ACG), as well as its largest offshore gas and condensate field, Shah Deniz.

According to Azeri news service Trend, at a meeting of cabinet ministers on Wednesday, Aliyev said: “Oil production began to decline sharply on the Azeri and Chirag fields due to serious mistakes committed by the consortium over the past…

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