Baku: BP’s Vice President for the Caspian Region, Bakhtiyar Aslanbeyli, emphasized the stable and investor-friendly environment of Azerbaijan during the 1st Azerbaijan International Investment Forum. He noted that over the past 31 years, no provision in the production sharing agreement has been altered without investor consent.
According to Azeri-Press News Agency, Aslanbeyli highlighted the fulfillment of obligations by the Azerbaijani state under significant agreements such as the “Contract of the Century” in 1994 and the Shah Deniz production sharing agreement in 1996.
He further stated that this consistent and reliable investment climate encourages BP to continue its operations in Azerbaijan. BP’s activities are expanding beyond traditional oil and gas to include renewable energy and energy transition sectors.