To date, investments in energy projects of Azerbaijan operated by BP have amounted to $72 billion, Bakhtiyar Aslanbeyli, Vice President for Communications, External Affairs, Strategy & Region at BP Azerbaijan-Georgia-Turkey, said at the 26th International Caspian Oil & Gas Conference in Baku on May 31, Trend reports.

To date, 483 million tons of oil and 157 billion cubic meters of gas have been extracted from the Azeri-Chirag-Gunashli field (ACG), Khoshbakht Yusifzade, first vice-president of the Azerbaijani state oil company SOCAR, said.

BP, the operator of many projects in the energy sector of Azerbaijan, has recently published the 2019 first quarter results of its oil and gas production in the country.

Since gaining independence, Azerbaijan, a country rich in hydrocarbon reserves, has been attracting many world famous oil and gas companies.

The Innovation Agency under the Ministry of Transport, Communications and High Technologies organized a global event called "Falcons Summit" in Baku on April 24.

BP, the world-famous British oil and gas company, has been successfully working in Azerbaijan for many years. In 2017, Azerbaijan and BP extended their agreement to develop the ACG fields to 2050, a deal dubbed by the Azerbaijani government as "the contract of the century" when first signed in 1994. The arrangement was initially due to run until 2024.

The Norwegian international energy company Equinor has stated on their website that the decision to add one platform to Azeri-Chirag-Gunashli (ACG) block of oil and gas fields in the Azerbaijani sector of the Caspian Sea is contributing to Equinor’s international strategy.

Azeri Central East (ACE) project, the next stage of development of the giant Azeri-Chirag-Guneshli (ACG) field in the Azerbaijani sector of the Caspian Sea, has been sanctioned.

BP as operator of the Azeri-Chirag-Gunashli (ACG) oil and Shah Deniz gas fields in the Caspian Sea announced today a $500 million extension to its drilling and engineering contract in Azerbaijan, Trend reports citing BP.

British Petroleum CEO Robert Dudley said on the sidelines of the LNG summit that BP is ready to consider the purchase of Exxon and Chevron shares in the Azerbaijan's development project of block of oil and gas deposits Azeri-Chirag-Gunashli (ACG), Interfax-Azerbaijan reports on April 3.