Giulia Chierchia, bp's Executive Vice President for Strategy, Sustainability, and Ventures, who has been on a visit to Baku since February 27, will discuss projects with the company's participation with the Azerbaijani authorities.
Rovshan Najafov, President of the State Oil Company of Azerbaijan (SOCAR), met with Giulia Chierchia, bp's Executive Vice President for Strategy, Sustainability, and Ventures, in Baku. It was stressed that the unanimous decision to hold COP29 in Azerbaijan this year is an indicator of the high confidence of the international community in the country, SOCAR reported.
Oil exports via the Baku-Tbilisi-Ceyhan (BTC) pipeline in January 2024 amounted to 18.918 million barrels, the Turkish company BOTAS International Limited (BIL - operator of the Turkish section of the BTC pipeline announced.)
The European Bank for Reconstruction and Development (EBRD) will provide Azerbaijan with a loan of $30 million for the purchase of autotransformer equipment to perform reinforcement work at existing substations. According to the EBRD, the loan borrower will be the Ministry of Finance of Azerbaijan, Azerenergy OJSC - the organization implementing the project.