BAKU, Azerbaijan, November 3. Azerbaijan and bp
discussed opportunities to establish new energy connections in the
Caspian Sea, Asia, and Africa regions, the country’s Minister of
Economy, Mikayil Jabbarov, said in a post on his official X page,
Trend
reports.
“During our working visit to the United Arab Emirates, we met
with Gordon Birrell, bp’s Executive Vice President for Production
and Operations.
Our discussions covered opportunities to enhance energy supply
and advance exploration and production projects in the oil and gas
sector. We also reviewed prospects for establishing new connections
across the Caspian Sea, Asia, and Africa regions, as well as
assessing broader investment potential.
The meeting highlighted the mutual prospects of diversifying
joint activities between SOCAR and bp, built on a reliable
partnership and strengthened regional synergy,” the post reads.
bp has operated in Azerbaijan for more than 33 years,
establishing its inaugural office in Baku in June 1992. The
corporation engages in multiple production sharing agreements with
the Azerbaijani government, including the Azeri-Chirag-Deepwater
Gunashli (ACG) oil field and the Shah Deniz gas field. The
significant “Contract of the Century” for the ACG oilfield was
executed in September 1994, with initial oil production commencing
from the Chirag platform in November 1997.
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