Azerbaijan International Operating Company
Azerbaijan International Operating Company is a consortium of currently 10 petroleum companies that have signed extraction contracts with Azerbaijan. These companies include:[1]
- BP (UK)
- Chevron (USA)
- Devon Energy (USA)
- Statoil (Norway)
- Türkiye Petrolleri Anonim Ortaklığı (TPAO; Turkey)
- Amerada Hess (USA)
- State Oil Company of Azerbaijan (SOCAR; Azerbaijan)
- ExxonMobil (USA)
- Inpex (Japan)
- Itochu (Japan)
The AIOC made significant investment contributing to the construction of the South Caucasus Pipeline, the Baku-Tbilisi-Ceyhan Pipeline, and are currently discussing construction of a Trans-Caspian Oil Pipeline between Kazakhstan and Azerbaijan. Extraction of oil from the Azeri-Chirag-Guneshli fields and natural gas from Shah Deniz has been possible through foreign direct investment in this consortium.
References
- ↑ AIOC partners, BP corporate website
External links
- BP corporate website
- Azerbaijan Oil Contracts, by Azerbaijan International
