BP spends $94 million on social investment projects in Azerbaijan

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BP has been present in Azerbaijan for 28 years safely, efficiently, and reliably operating major oil and gas exploration, development, and transportation projects, Report informs, citing a statement by BP-Azerbaijan.

To date, together with its partners, BP has invested around $78.5 billion into projects it operates in the country. In Azerbaijan, BP is committed to supporting sustainability efforts focusing on the areas where it can make the most difference.

BP’s extensive social investment activities and capacity-building efforts in the country have had a positive impact and brought tangible benefits to people, improving their lives and making a difference.

“Our social investments cover such areas as building local capabilities, education, development of communities, local enterprises, the environment, sporting potential as well as research and promotion of the country’s rich cultural heritage. Overall, since the start, BP itself and together with its co-venturers in the joint ventures that BP operates in Azerbaijan has spent more than $94 million on social investment projects in this country,” the company said in the statement.

In 2020, BP and the co-venturers in BP-operated joint ventures spent $3.2 million in Azerbaijan on social investment projects. In addition, in 2020, BP alone spent more than $4.2 million on various social and sponsorship projects in this country.

In Azerbaijan, BP directly employs more than 2,400 Azerbaijani citizens who make over 90 percent of the company’s professional staff.