Regional VP: BP's global strategy is fully aligned with Azerbaijan projects

BP's global strategy is fully aligned with its projects in Azerbaijan, said Bakhtiyar Aslanbayli, the company's Vice President for the Caspian region, at the First Azerbaijan International Investment Forum (AIIF-2025) in Baku, Report informs.

"This alignment covers both current energy supply and the development of future energy resources. We are pursuing this very responsibly, and it matches perfectly with our ongoing projects in the country," he stated.

According to Aslanbayli, BP is implementing projects in Azerbaijan focused on sustainable hydrocarbons, low-carbon energy, and new partnerships.

"One of the most important projects we're undertaking with SOCAR and other partners is the 240 MW Sunrise solar power plant. What makes it unique is that it operates on a virtual power transfer model. We generate 240 MW of solar energy in liberated territories, feed it into the national grid, and then withdraw an equivalent amount to electrify our oil and gas processing facilities. This is a clear example of the energy transition in action. As a traditional energy company with a long-standing presence in the country, we're redirecting part of our revenue from oil and gas into solar energy development," he explained.

Aslanbayli also highlighted other BP energy transition projects in Azerbaijan:

"These include electrifying Shah Deniz platforms, interconnecting them, and implementing the Shah Deniz compression project to increase gas extraction from low-pressure areas."

He emphasized that BP's investment and cooperation in Azerbaijan go beyond its current operations:

"We're also working on exploring new investment opportunities and developing innovative projects in the field of energy transition."