Bank Of Baku

BP: STEL project is progressing on schedule

BP: STEL project is progressing on schedule
# 01 December 2025 15:04 (UTC +04:00)

Construction work under the Sangachal Terminal Electrification (STEL) project is progressing safely and according to schedule, APA-Economics reports, citing the “BP Azerbaijan” company.

According to the information, the investors of the terminal are BP, SOCAR, TPAO, LUKOIL, Southern Gas Corridor, NICO, MOL, INPEX, ExxonMobil, ITOCHU, ONGC Videsh, Eni, MVM, and TotalEnergies.

To ensure full electrification of the terminal by the end of 2028, three major contracts have been signed under the project so far: Engineering-procurement-construction (EPC) contract, Construction and installation contract, Engineering, procurement, and design contract.

 

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THE OPERATION IS BEING PERFORMED