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  4. “Azeri-Chirag-Gunashli – 25” book presented to the public

“Azeri-Chirag-Gunashli – 25” book presented to the public

Release date:
16 December 2019
  • A major source of information about the new era of Azerbaijan’s oil industry
  • The first ever publication to present the entire history of the Azeri-Chirag-Gunashli contract - all facts, documents and figures in one book;
  • The whole chain of events and a lively description of ACG’s exceptional success story
  • ACG shareholders’ valuable contribution to the “Contract of the Century” 25th anniversary celebrations

 

BP and its co-venturers in the Azeri-Chirag-Gunashli (ACG) project – SOCAR, Chevron,  INPEX, Equinor, ExxonMobil, TPAO, ITOCHU, ONGC Videsh Ltd (OVL)– today presented a book which represents major research into the 25-year history of Azerbaijan’s new oil era.

 

 The book marks the 25th anniversary of the signing of the “Contract of the Century” on 20 September 1994 and is ACG shareholders’ contribution to the celebrations of this landmark event in Azerbaijan’s new history.

 

 

“We believe the book will serve as a reliable source of information about the ACG fields. While over the past 25 years ACG information has been part of almost all oil industry related publications in Azerbaijan and beyond, this is the first time all aspects of this remarkable story have been produced as one impressive narrative. 

 

“What has been achieved since 1994 is extraordinary enough – for Azerbaijan, its people and the regional nations, for companies like BP and our co-venturers in the ACG contract, for the thousands of local people who have worked and continue to work on ACG projects, for hundreds of Azerbaijani businesses that have been involved. By supporting this publication, BP and its co-venturers in the ACG contract have wished to once again recognize the huge role this contract has played in our lives and in everything that has led to the transformation of the entire country.”

 

Bakhtiyar Aslanbayli, BP’s Vice President, Communications, External Affairs, Strategy and Region

 

 

The 190-page illustrated book narrates the ACG story in three sections:

 

  1. ACG`s discovery and initial development during Soviet times;
  2. ACG from 1994 to nowadays: emergence of world-class upstream and midstream infrastructure; and
  3. Azerbaijan`s gains from ACG foreign currency reserves; the growing state budget and pension fund revenues; the growing pool of local contractors capable to serve the needs of the oil and gas industry; the sustainable investments in social development made by BP and its co-venturers in the ACG contract.

 

The book is published in 500 copies all of which will be presented to universities and researchers, libraries and members of the business community.  

 

The author of the research and the book is Ilham Shaban, a leading business journalist and an internationally known economic analyst with long experience in and comprehensive knowledge of Azerbaijan`s energy industry and its evolution driven by not only domestic
demand, but also geopolitical and geo-economic developments.

 

Notes to Editors

 

Over the past 27 years BP ant its co-venturers have supported a large number of major social investment projects. These have included educational programmes, building skills and capabilities in local communities, improving access to social infrastructure in communities, supporting local enterprises through provision of access to finance and training, support for cultural legacy and sport, as well as technical assistance to public institutions.In 2019, BP and its co-venturers spent around $4 million in Azerbaijan on their social investment projects.

 

Overall, since the start, BP itself and together with its co-venturers in the joint ventures that BP operates in Azerbaijan, have spent more than $84 million on social investment projects in this country.

 

For more information about BP and co-venturers’ social investment projects please visit BP Azerbaijan site at www.bp.com/en_az/azerbaijan.

 

Further information:

Tamam Bayatly at BP’s Press Office in Baku.

Telephone: (+994 12) 525 5895