Azerbaijan, Baku, 20 August/ Trend / The current situation in Caucasus showed that Azerbaijan and BP can even cooperate under such situation, President Ilham Aliyev said during his meeting with Executive Vice President of BP Endy Inglis on 19 August, Azertag state news agency reported on 20 August.
"The further cooperation with the company will provide conditions to realize planned projects," President Ilham Aliyev said.
"In spite of the crisis in the region, the cooperation between State Oil Company of Azerbaijan (SOCAR) and BP on reducing risks on production in offshore fields is continuing successfully," Inglis said.
BP is the largest foreign operator on the extraction and export of oil and gas in Azerbaijan. The company extracts light oil in Azeri-Chiraq-Gunashli field and exports it via Baku-Tbilisi-Ceyhan pipeline running through Georgia and Turkey and also via Baku-Supsa (to Black Sea port in Georgia). Part of the oil produced from Azeri-Chiraq-Gunashli field is transported via Azerbaijan-Georgia railway to the Black Sea port of Batumi and via Baku-Novorossiysk pipeline. At the beginning of August, a blast that took place at Turkey's section of Baku-Tbilisi-Ceyhan stopped export of oil through it and caused a drop in production in Azeri-Chiraq-Gunashli field. The export of the Azerbaijani oil via Baku-Supsa pipeline has been stopped for security reasons because of the situation in Georgia. BP is obliged to ship oil from Azeri-Chiraq-Gunashli through Baku-Novorossiysk pipeline.