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07.03.2013 12:47

10% of BP’s investments in new technologies around the world belongs to Azerbaijan

Baku. Vahab Rzayev – APA-Economics. Today, a Technology Forum of BP Company kicked off in Baku. BP’s Regional President on Azerbaijan, Georgia and Turkey Gordon Birell noted that BP’s specialists will hold discussions on new technologies for oil and gas production in the world, including Azerbaijan. He said that BP spends $500 mln to exploration works and improvement of technologies in the world, which 10% belongs to Azerbaijan.

Regional President stressed that many of BP’s new technologies are successfully applied in Azerbaijan.

SOCAR’s first vice-president Khoshbakht Yusifzadeh note that the event will play an important in this sphere. The forum will last 4 days.

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