Azerbaijan’s State Employment Agency and BP have signed a memorandum of understanding for the implementation of future joints projects.

The process of transition of the technical operatorship of the South Caucasus Pipeline Company (SCPC) from BP Exploration Limited to SOCAR Midstream Operations Limited has been finalized, the company’s press service reported on August 2.

Azerbaijan's natural gas production amounted to 25.8 billion cubic meters in 2020, which is a growth by 6 percent compared to 2019, BP said in its annual statistical review of the world's energy report.

A joint venture of Azerbaijan’s State Oil Company (SOCAR) and Petrofac, and BP has secured a new contract worth around $25 million, to support the Azeri Central East project, operated by BP in Azerbaijan.

Azerbaijan is taking measures to develop renewable energy resources in its territories liberated from the Armenian occupation in 2020 and to turn Karabakh region into the “green energy zone”.

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.