TPAO Operations in Azerbaijan

From Oil4All
Jump to: navigation, search

Overview

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]

Activities

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]

References

  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.