TPAO Operations in Azerbaijan

From Oil4All
Jump to: navigation, search


As of March 2012, TPAO had invested US $3.4 billion in oil, gas and pipeline projects in Azerbaijan and the company's revenue from all energy projects totalled $5.3 billion from entry into the country to date.[1]


As of August 2012, TPAO a participant in three exploration, development and production projects in Azerbaijan:

Furthermore, TPAO has a share of 6.53% in the BTC Co. which is carrying out all activities of the Baku-Tbilisi-Ceyhan Pipeline Project, and a 9% share in the South Caucasus Natural Gas Pipeline Project which transports Shah Deniz gas to Turkish-Georgian border. [2]

According to Azer News, TPAO's investments in Azerbaijan are expected to increase if the Araz-Alov-Sharg field begins to be developed. As of 2012 the project was 'frozen due to the Caspian Sea's unresolved status. [3]


  1. "TPAO invested in Azeri projects" Azer News, 14 March 2012.
  2. "International Projects" TPAO, retrieved 17 August 2012.
  3. "TPAO invested in Azeri projects" Azer News, 14 March 2012.