According to him, the contractors of the PSAs have invested 75.7 billion dollars in Azerbaijan’s oil and gas sector since 1995.
“ACG participants (BP, Chevron, ExxonMobil and etc.) have invested $42.8 billion in oil and gas sector of Azerbaijan”, he said.
Shahdeniz participants (BP, TPAO, Petronas and SOCAR) have invested $25.9 billion in this project.
SOCAR official added that Shahdeniz-2 and Southern Gas Corridor need more $40 billion investments. After implementation of these projects, total investments in oil and gas sector will exceed $100 billion.