Azerbaijani Prime Minister Ali Asadov met with the regional president of BP for Azerbaijan, Georgia, and Turkey, Gary Jones, on April 13, Trend reports citing the country’s Cabinet of Ministers.

First gas-condensate reserves have been discovered in the Shafag-Asiman block in the Azerbaijani sector of the Caspian Sea, SOCAR has reported.

The first meeting of the working group, created within the Memorandum of Understanding signed between the Azerbaijani Energy Ministry and BP, took place on March 18, Trend reports citing the ministry.

The Azerbaijani society will greatly succeed in the field of education thanks to the joint cooperation between BP and the International Bank of Azerbaijan (IBA) within the IBA Tech Academy project, Chairman of the IBA Board Abbas Ibrahimov said during the IBA Tech Academy online event, Trend reports on Dec. 17.

BP supports the Azerbaijani people in their struggle to restore their territorial integrity, BP Regional President for Azerbaijan, Georgia and Turkey Gary Jones said in a letter sent to Prime Minister Ali Asadov.

The Turkish Competition Council has given permission to SOCAR and BP to establish a joint venture that will operate in the petrochemical sector, local media reported on July 22.

Azerbaijan will develop strategy for the development of small hydropower plants, taking into account the needs of power generation, water potential and water shortages in the country, Energy Minister said addressing a meeting held on July 7.

BP has increased its estimates of Azerbaijan’s confirmed gas reserves for the end of 2019 in its recent statistical review of world energy reports.

With the COVID-19 pandemic having continued during the second quarter of 2020, BP now sees the prospect of the pandemic having an enduring impact on the global economy, with the potential for weaker demand for energy for a sustained period,Trend reports citing the company.

Azerbaijan’s state oil Company SOCAR wills set up a petrochemical enterprise in Turkey, Turkish media reported on April 30.