BP Azerbaijan: As of now, all our business operations in region continue as normal

BP Azerbaijan: As of now, all our business operations in region continue as normal

BAKU, Azerbaijan, Oct.7

By Leman Zeynalova – Trend:

As of now, all business operations of BP Azerbaijan in the region continue as normal, the company told Trend.

"We are deeply concerned about the recent expansion of military activities within the territory of Azerbaijan targeting civilian settlements and infrastructure. We are especially worried about yesterday’s reports of a missile attack which was intercepted and destroyed by Azerbaijan’s air defence systems in the vicinity of BTC and SCP export pipelines. While the security of all assets which bp operates on behalf of the Azerbaijan government and our partners is provided by the Azerbaijani government we continue to work closely with the relevant authorities in an effort to take necessary measures to provide the protection of our personnel, operations and assets," said BP Azerbaijan.

"Once again, we express our deep concern about the military attacks against civilian settlements and infrastructure and hope the conflict will soon find a just resolution within the territorial integrity and internationally recognized sovereign territories of Azerbaijan."

On October 6th, at about 9 pm (GMT+4), Armenian armed forces aimed its missile strikes at Azerbaijani Baku-Tbilisi-Ceyhan oil pipeline, the largest strategic project in the region, which plays an important role in Europe's energy security. However as a result of Azerbaijani Army's decisive measures the attack attempt was prevented and no damage to the pipeline was caused.

The BTC pipeline currently carries mainly ACG crude oil and Shah Deniz condensate from Azerbaijan. In addition, other volumes of crude oil and condensate continue to be transported via BTC, including volumes from Turkmenistan, Russia and Kazakhstan.

The BTC Co. shareholders are: BP (30.1 percent); AzBTC (25.00 percent); MOL (replaced Chevron as of 16 April 2020 (8.90 percent); Equinor (8.71 percent); TPAO (6.53 percent); Eni (5.00 percent); Total (5.00 percent), ITOCHU (3.40 percent); INPEX (2.50 percent), ExxonMobil (2.50 percent) and ONGC (BTC) Limited (2.36 percent).

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Follow the author on Twitter: @Lyaman_Zeyn

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