BP considers joining Azerbaijan's "Karabakh" oil field development in 2025, as negotiations continue.

BP may join the development of Azerbaijan's "Karabakh" oil field this year, according to a BP official. The "Karabakh" field, discovered in 1959, is located 120 kilometers east of Baku in the Caspian Sea. BP and Azerbaijan's State Oil Company signed a memorandum of understanding in September, indicating BP's interest in the project. Negotiations are ongoing, with details to be shared once finalized.

2 months ago
4 Articles