Turkey’s Botas withdraws lawsuit against BTC project

Turkey’s Botas withdraws lawsuit against BTC project Botas, the operator of the Baku-Tbilisi-Ceyhan pipeline in Turkey, has withdrawn a lawsuit against the pipeline project, Haberturk newspaper said Friday. Earlier, Botas International Limited (BIL) filed a lawsuit against the project claiming that if the company continues to operate the BTC under the existing terms, it will incur losses to the tune of $2 billion by 2045. Turkey and Azerbaijan made changes to the package of... Read More

Azerbaijan registers two BP offices

Azerbaijan registers two BP offices Representative office of the BP Exploration (Shafag-Asiman) Limited was registered in Azerbaijan, Azerbaijani Taxes Ministry’s website reported on Friday. Head of the office is Rashid Javanshir, who is also the head of BP-Azerbaijan. Also, the country registered representative office BP Shafag-Asiman Limited, official representative of which is Rashid Javanshir. The SOCAR and BP signed the PSA on Shafag-Asiman for a period of 30 years.... Read More