The long-term and fruitful cooperation between Azerbaijan and British Petroleum (BP) was emphasized when Azerbaijani President Ilham Aliyev met with BP president Bob Dudley in Baku, on December 22nd.
President Aliyev and Dudley discussed reciprocal energy collaboration, including possible interest of BP in Azerbaijan’s Azeri-Chirag-Guneshli oil field. President Aliyev and Dudley noted that development of the field will encourage sustainable, multi-billion investments by overseas companies as well as increased oil production.
President Aliyev and Dudley discussed in depth the Southern Energy Corridor project, which will allow Azerbaijan to provide energy security to Europe with its extensive oil and gas pipelines. The Shah Deniz II project and BP’s contributions to the growth of the oil and gas industries in Azerbaijan were also topics of conversation.
Alongside the Caspian Sea in the South Caucasus, Azerbaijan stands at the crossroads of Asia and Europe. Interest in its energy production has increased given growing concerns over energy security in Eurasia and Europe. Azerbaijan and BP have had strategic partnerships since 1994, shortly after Azerbaijan’s independence from Soviet Russia.