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BP, Azerbaijan in talks on new renewable energy projects

Oil&Gas Materials 4 May 2022 12:21
BP, Azerbaijan in talks on new renewable energy projects
Maryana Akhmedova
Maryana Akhmedova
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BAKU, Azerbaijan, May 4. BP is in negotiations with the Government of Azerbaijan on new projects in renewable energy sector to be implemented in the territories liberated from Armenian occupation [during the second Karabakh war in 2020], Bakhtiyar Aslanbayli, BP’s vice president for the Caspian region, said during the panel discussion on "Rethinking the results that are important for Azerbaijan", Trend reports.

"Renewable energy sector is the business of the future. We talk with Azerbaijani government on new possible projects. However, this brings another challenge. We still need experts in the field," Aslanbayli said.

Talking about BP’s overall strategy, Aslanbayli noted that the company aims at reaching net zero carbon emissions by 2050 or sooner.

"Meanwhile, we have to meet global environmental challenges. These challenges will be more pressurizing in the upcoming years. But at the same time, we will bring more innovations and technology, to satisfy the demand of our partners, stakeholders and shareholders," he added.

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