ArmInfo. The Organized Crime and Corruption Reporting Project (OCCRP) has reported facts of corruption in operations in the Caspian Sea, known as Shah Deniz 2.
Leaked documents show two Azerbaijan state companies were set to siphon off $1.7 billion from Shah Deniz 2, which feeds the Southern Gas Corridor to Europe.
Key Findings
Using fake charges and padded contracts, two companies owned by Azerbaijan's state oil company looted the expansion of BP's operations in the Caspian Sea, known as Shah Deniz 2. BP was repeatedly alerted to accusations of corruption on the project but took no action, multiple sources told OCCRP.
Much of the money was set to be paid before any profits went to Azerbaijan's state budget, meaning it would come from the public purse.
Around the same time, the director of one of the state companies and his wife bought lavish properties worth over $10 million in Miami.
Hundreds of millions of dollars disappeared as Azerbaijan carried out a broad clampdown on civil society and independent journalism.
The People Paying the Price of Shah Deniz 2's Success
Villagers living near BP's Sangachal terminal say they are suffering from health problems and sleep disruptions due to gas flaring.
Read more: https://www.occrp.org/en/investigations/bp-turned-a-blind-eye-to-corruption-in-prize- azerbaijan-gas-project