Azerbaijani President: We hope that there will be more discoveries from BP operated fields

Azerbaijani President: We hope that there will be more discoveries from BP operated fields
  • Clock-gray 15:48
  • calendar-gray 09 February 2021

"Of course, energy cooperation is very important part of our partnership and we are very happy to complete the major project- the Southern Gas Corridor. You know BP is our strategic partner, the company which participated from the very beginning in the major projects in Azerbaijan as an investor," said President of the Republic of Azerbaijan Ilham Aliyev as he received Minister for European Neighbourhood and the Americas at the UK Foreign, Commonwealth and Development Office Wendy Morton on February 9, APA reports.

"After the prolongation of the “Contract of the Century” our cooperation will continue for many more decades. Of course, with a new gas development in Azerbaijan and infrastructure which has been completed last December, the new opportunities we have now. We hope that there will be more discoveries from BP operated fields. We have good prospects for that. So this is a very important part of our bilateral cooperation, also cooperation between other countries. We established very probably unique format of cooperation between the countries of our region and the European Union, and with the strong support from the governments of the United Kingdom and United States. By the way, we will have the 7th meeting of the Advisory Council of the Southern Gas Corridor in two days’ time where we will review the achievements and look forward for future cooperation. And of course, investments from UK to Azerbaijan helped us a lot to modernize the country. These investments were mainly in energy sector, almost 30 billion dollars. But it allowed us to use properly the revenues from oil and gas sales to diversify the economy. Therefore I am sure that for the coming years our major area of concentration will be non-energy sector development of Azerbaijan" President says.

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