Lukoil Shah Deniz Stage II | Accountability Console
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Lukoil Shah Deniz Stage II

Sectors

Extractives (oil, gas, mining)

Description:

Projects in this Sector: 92

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Issues Raised

Consultation and disclosure

Description:

Projects with this Issue Raised: 547

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Due diligence

Description:

Projects with this Issue Raised: 488

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Livelihoods

Description:

Projects with this Issue Raised: 354

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Pollution

Description:

Projects with this Issue Raised: 233

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Property damage

Description:

Projects with this Issue Raised: 167

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Water

Description:

Projects with this Issue Raised: 196

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Project Information

Investment ID: 46766

Bank: European Bank for Reconstruction and Development

Environmental Category: A

Country: Azerbaijan

Region: Europe and Central Asia

Approval Date: None

Investment Types: Loans

Total Project Cost: No recorded data on this

Total Complaints: 2

Description

The proposed project is an A/B loan to LUKOIL to provide financing for its share in Stage 2 development of the Shah Deniz, an offshore gas exploration and production project in Azerbaijan (the ‰ÛÏProject‰Û), which is one of the largest gas fields in the world. LUKOIL has a 10% interest in the Shah Deniz field. The Project is managed by BP plc. The EBRD and the ADB were appointed by LUKOIL as the Mandated Lead Arrangers (‰ÛÏMLAs‰Û) for the proposed transaction.

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