ABSHERON

In January 2024, Azerbaijan increased gas production by 30 million cubic meters, said Minister of Energy of Azerbaijan Parviz Shahbazov on X, Trend reports.

"During this period, 2.3 billion cubic meters of gas were exported out of a total of 4.3 billion," he wrote.

In addition, the minister stressed that oil production for January amounted to 2.5 million tons, of which 2.1 million tons were sent for export.

“bp” has decided to hold a 25 percent equity share in the Shallow Water Absheron Peninsula (SWAP - Shallow Water Absheron Peninsula) project in Azerbaijan with a belief that this will enable the company to evenly distribute its investment potential in Azerbaijan and to redeploy capital to other areas of its business in line with the company’s strategy, bp Azerbaijan stated.