The Board of BP announced today that, after a 40-year career with BP and over nine years as group chief executive, Bob Dudley, 64, has decided to step down as group chief executive and from the BP Board following delivery of the company’s 2019 full year results on 4 February 2020 and will retire on 31 March 2020, Trend reports.

Azerbaijan’s Economy Ministry and BP may cooperate to develop the country’s alternative energy sector.

Helge Lund, Chairman of the Board of Directors of BP Group, is on a two-day working visit in Baku, BP Azerbaijan told Trend.

President of Azerbaijan Ilham Aliyev has received a delegation led by chairman of the BP Board Helge Lund, Trend reports on Sept. 5 referring to the Azerbaijani presidential press-service.

On Sept.11, BP will hold an open meeting to discuss a document on the Environmental and Socio-Economic Impact Assessment (ESIA) of Shafag-Asiman Exploration Drilling Project, Trend reports referring to the company.

BP’s second quarter profits easily beat expectations as a strong increase in oil and gas production helped offset weaker crude prices, reports Trend referring to Reuters.

BP has agreed to form a 50:50 joint venture with Bunge – a leader in agriculture, food and ingredients - that will create a leading bioenergy company in one of the world’s largest fastgrowing markets for biofuels, Trend reports citing the company.

The reports about BP’s application to take part in the operating company for the Trans Anatolian Natural Gas Pipeline (TANAP) are not true, Vice President of BP Azerbaijan Bakhtiyar Aslanbeyli told Trend.

UK’s BP company, the operator of big energy projects in Azerbaijan, has made an application for participation in the operating company of the gas pipeline for the operation of the Trans-Anatolian Natural Gas Pipeline (TANAP), Trendreports referring to Turkish media.

Azerbaijani State Oil Company SOCAR together with BP Azerbaijan will conduct geological exploration at investment blocks in Uzbekistan.