VOL. XLIV

No. 20

14-May-2001

CASPIAN

BP And Partners To Invest $8Bn Plus In AIOC And Shah Deniz Projects

David Woodward, the Associate President of BP Azerbaijan and head of the Azerbaijan International Operating Company (AIOC), said on 7 May that BP and its partners in the country would spend more than $8bn on developing the offshore Azeri-Chirag-Guneshli (ACG) oilfields and the Shah Deniz natural gas field. During a presentation to Azerbaijani President Haydar Aliyev covering the current status...