Azernews.Az

Sunday July 13 2025

BP, its partners jointly invest $70B in Azerbaijan

16 April 2016 14:00 (UTC+04:00)
BP, its partners jointly invest $70B in Azerbaijan

BP, jointly with its partners, has so far invested more than $70 billion in Azerbaijan's oil & gas projects and other related areas, said the British company.

BP intends to continue investments in similar projects in Azerbaijan, according to the company's message issued Apr. 15.

The British company is the largest foreign investor in Azerbaijan's oil and gas sector.

BP is operating the development of the Azeri-Chirag-Guneshli block of oil and gas fields and the Shah Deniz gas and condensate field.

The company is also a member of such pipeline projects as the Baku-Tbilisi-Ceyhan (BTC) oil pipeline and the South Caucasus Pipeline, meant for gas transportation.

---

Follow us on Twitter @AzerNewsAz

Here we are to serve you with news right now. It does not cost much, but worth your attention.

Choose to support open, independent, quality journalism and subscribe on a monthly basis.

By subscribing to our online newspaper, you can have full digital access to all news, analysis, and much more.

Subscribe

You can also follow AzerNEWS on Twitter @AzerNewsAz or Facebook @AzerNewsNewspaper

Thank you!

Loading...
Latest See more