Issue 3, September, 2008

 

Investing in Georgia’s Future

Our financial and economic impact in Georgia remains significant. Approximately 7% of foreign investment in Georgia came from BP and its partners in 2007. While our priority is to manage safe and reliable operations, we also continue to be active in managing various social and environmental commitments.

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SCP, the gas pipeline, was shut down as a precautionary measure for around 48 hours but has been fully operational since 14 August delivering nominated gas to Turkey and Georgia.
The recent conflict in Georgia had a modest impact on our operations in the country, mostly to the operation of the Baku-Supsa pipeline which passes through or close to where some of the conflict was. As of end September we are currently operating two pipelines - Baku-Tbilisi-Ceyhan (BTC) and South Caucasus Pipeline (SCP).

BTC has continued to transport oil during the last few months to world markets. Operation of the pipeline was largely unaffected by the conflict although by coincidence it was shut down from 6th August for 2 weeks due to a problem in Turkey.

Business update

Operation of the Baku-Supsa pipeline was suspended in mid-August for safety reasons due to the conflict. We are monitoring the situation and will restart the pipeline when it is safe to do so.

BTC
SCP
Baku-Supsa

 

 

 

 

Leading with a social conscience

Corporate Social Responsibility (CSR) is a relatively new concept for Georgia, but not for BP in Georgia. The company has chosen to take a socially responsible approach to its business for many reasons. ► more details

 

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BP Georgia goes national

"Most of BP's key positions in Georgia are now occupied by Georgian nationals, which is great for BP and good for the country", - said Nino Meladze, HR Manager of BP Georgia, - "This year alone BP has nationalized its HR, Finance, Logistics, Health and Safety, Legal and some key technical positions."

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BP Georgia sustainability report 2007 is now published on our website www.bpgeorgia.ge. The report reviews our performance against a range of key performance indicators relevant to our business in Georgia.

 

 

Statistical Review of World Energy 2008 is the 57th edition of the annual publication BP produces to provide objective data about world energy markets. The document is available online at www.bp.com/statisticalreview.