BP reveals volume of investment in Azerbaijan

To date, BP, together with its co-venturers, has invested more than $87 billion in oil and gas exploration, development and transportation projects in Azerbaijan, Report informs, citing BP.

“BP has been present in Azerbaijan for 33 years safely, efficiently and reliably operating major oil and gas exploration, development and transportation projects. To date, together with its co-venturers, BP has invested more than $87 billion into projects it operates in the country.

In Azerbaijan, we are committed to supporting sustainability efforts focusing on the areas where we believe we can make the most difference. BP’s extensive social investment activities and capacity-building efforts in the country have had a positive impact and brought tangible benefits to people, improving their lives and making a difference,” the company said.

The company’s and its co-venturers’ social investments cover such areas as building local capabilities, education, development of communities, local enterprises, the environment, sporting potential as well as research into and promotion of the country’s rich cultural heritage.

Overall, since the start, BP itself and together with its co-venturers in the joint ventures that bp operates in Azerbaijan, has spent about $111 million on social investment projects in this country.

In Azerbaijan, BP directly employs around 2,398 Azerbaijani citizens who make over 90 percent of the company’s professional staff.