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: 81

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Issues Raised

Consultation and disclosure

Description:

Projects with this Issue Raised: 385

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Due diligence

Description:

Projects with this Issue Raised: 387

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Livelihoods

Description:

Projects with this Issue Raised: 243

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Pollution

Description:

Projects with this Issue Raised: 176

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Property damage

Description:

Projects with this Issue Raised: 86

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Water

Description:

Projects with this Issue Raised: 165

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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.

Investments

Investment Type ID Amount Status Bank Client
Loans 46766 USD 1.0 billion Planned EBRD LUKOIL Overseas Shah Deniz Ltd

Related Complaints

Implementers

Name Complaints Dispute Resolutions DR Successful Compliance Reviews Non-Compliance
BP plc