Page 2 | Karabakh

BP to join Karabakh oil field development in Azerbaijan by 2025

BP aims to join the Karabakh oil field project in Azerbaijan by 2025, with negotiations underway to finalize terms with SOCAR for this strategic offshore development.

$2.35BN added to Azerbaijan’s Karabakh reconstruction fund

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South Caucasus

$2.35BN added to Azerbaijan’s Karabakh reconstruction fund

Azerbaijan boosts post-war reconstruction with AZN 4 billion for 2025. Key projects in Karabakh and Eastern Zangezur include infrastructure, energy, housing, and agriculture, supporting economic growth and the return of IDPs to liberated territories.

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