BP plans to allocate 9 billion dollars a year for oil and gas sector development until 2030

Bakhtiyar Aslanbayli, BP

© APA | Bakhtiyar Aslanbayli, BP's vice-president for external relations and communication in the Caspian region

# 30 November 2023 12:56 (UTC +04:00)

"Azerbaijan is not only a traditional oil and gas country, but can become an energy center that will contribute to the development of green energy," said Bakhtiyar Aslanbayli, BP's vice-president for external relations and communication in the Caspian region during his speech at the Industrial Safety Summit, APA-Economics reports.

According to him, the opportunities, experience, personnel potential and oil and gas infrastructure available in Azerbaijan allow us to say that there are certain prospects for hydrogen production in our country.

Bakhtiyar Aslanbayli also noted that if these opportunities are properly assessed and implemented in a balanced manner, there are opportunities for Azerbaijan to become an energy center that will develop green energy.

The representative of the BP company added that BP has set the goal of becoming a net zero emission company by 2050 and earlier, and has made serious changes to its strategy for this: "However, this does not mean that the company is abandoning its activities in the traditional oil and gas sector, just It envisages ensuring the production of low-emission oil and gas. BP plans to allocate 9 billion dollars a year to the development of the oil and gas sector until 2030."

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