BP investment in Azeri oil and gas sector

BP has invested more than $40 billion in the Azerbaijan oil and gas sector. This was announced during the signing of the cooperation agreement between BP and the Azerbaijan Olympic Committee. Through the Baku-Tbilisi-Ceyhan pipeline around 1.7 billion barrels of oil was transported and 2, 140 tankers were loaded. An additional $25 billion USD will be invested in the next stage.