UK-based energy giant BP and State Oil Company of the Republic of Azerbaijan (SOCAR) have signed on the dotted line to strengthen their energy ties.
BP signed two new memorandums of understanding in Azerbaijan. The first agreement was signed with the country’s Ministry of Economy for High Performance Computing (HPC) infrastructure, and the second with SOCAR to further strengthen the long-term energy partnership between the two oil and gas companies.
Meg O’NeillBP’s CEO commented: “I have just returned from two productive days in Azerbaijan – a country where BP has deep roots and long-standing commitment. This was my first visit to Azerbaijan, and I was impressed – from the deep history to the country’s stunning architecture and impressive infrastructure.
“We had the honor of meeting with President Aliyev, Prime Minister Asadov, and Ministers Japarov and Shahbazov. Our conversations covered the scope of our partnership – from oil and gas development to solar energy and electricity.”
Among the people O’Neill met Mikayil JabbarovMinister of Economy of Azerbaijan, W Rovshan NajafThe President of SOCAR during her visit to Azerbaijan, where the CEO of BP visited Sangachal stationWhich it describes as one of the world’s largest oil and gas complexes and a vital hub linking Caspian energy to global markets.
While confirming the visit, Japarov explained that the participants exchanged views on the UK-based giant’s global business operations, its long-term fruitful cooperation with Azerbaijan, and the energy projects being implemented in the region.
The minister confirmed: “The MoU between SOCAR and BP will expand energy cooperation between the two parties and strengthen Azerbaijan’s position as a global energy hub.”
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