VOL. XLIV

No. 25

18-June-2001

CASPIAN

BP Says Azerbaijan Headed Towards New Oil Era

Speaking in Baku on 6 June at the Caspian Oil and Gas Conference, David Woodward, Associate President of BP Azerbaijan and head of the Azerbaijan International Operating Company (AIOC), said that a new oil era was about to begin in Azerbaijan. "More than $12bn will be authorized for construction in Azerbaijan oil projects in the next 12 months," he told the conference. "The scale of these tasks defines the...