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flag BP to transfer BTC and Baku-Supsa pipeline ops to Azerbaijani, Georgian, and Turkish agencies by mid-2026.

flag BP is moving forward with transferring operatorship of the Baku-Tbilisi-Ceyhan and Baku-Supsa pipelines to government agencies in Azerbaijan, Georgia, and Turkey by mid-2026, per prior agreements. flag The shift does not affect BP’s ongoing role as operator of major regional projects like Azeri-Chirag-Gunashli and Shah Deniz, nor its ownership stakes in the BTC and SCP pipelines. flag Negotiations continue with Georgian and Azerbaijani authorities over asset returns and management handovers to SOCAR Midstream and the Georgian Oil and Gas Corporation. flag A post-transfer assessment will follow.

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