Itochu Operations in Azerbaijan

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Itochu operates in Azerbaijan through its wholly owned subsidiary ITOCHU Oil Exploration (Azerbaijan) Inc and was the first Japanese oil corporation to establish an office in Azerbaijan.

In 1996 Itochu acquired a 3.9205 percent interest in the Azeri-Chirag-Guneshli (ACG) field complex. The company also holds a 3.4 percent stake in the Baku-Tbilisi-Ceyhan (BTC) pipeline project.[1]

References

  1. "ITOCHU to be involved in new development at ACG field in Caspian sea", Itochu, 9 March 2010.