On September 20, BP and SOCAR signed a MOU to collaborate on Caspian Sea oil exploration and development.

On September 20, BP and Azerbaijan's SOCAR signed a Memorandum of Understanding (MOU) to initiate collaboration on oil exploration and development in two blocks of the Caspian Sea. This agreement aims to enhance energy supply security and marks a significant step in their longstanding partnership. The MOU was signed during a ceremony celebrating the 30th anniversary of Azerbaijan's oil industry, known as the "Contract of the Century."

September 20, 2024
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