bp reaffirms strategic alignment with energy transition projects in Azerbaijan

bp’s global strategy is fully aligned with its ongoing and future projects in Azerbaijan, said Bakhtiyar Aslanbayli, the company’s vice president for the Caspian region.

Speaking at the First Azerbaijan International Investment Forum (AIIF-2025) in Baku, Aslanbayli underscored bp’s commitment to both current energy supply and the development of future energy resources, Caliber.Az reports via local media.

“This alignment covers both current energy supply and the development of future energy resources. We are pursuing this very responsibly, and it matches perfectly with our ongoing projects in the country,” he stated.

Aslanbayli noted that bp is actively implementing a range of initiatives in Azerbaijan focused on sustainable hydrocarbons, low-carbon energy, and the formation of new partnerships.

“One of the most important projects we're undertaking with SOCAR and other partners is the 240 MW Sunrise solar power plant. What makes it unique is that it operates on a virtual power transfer model. We generate 240 MW of solar energy in liberated territories, feed it into the national grid, and then withdraw an equivalent amount to electrify our oil and gas processing facilities. This is a clear example of the energy transition in action. As a traditional energy company with a long-standing presence in the country, we're redirecting part of our revenue from oil and gas into solar energy development,” he explained.

In addition to the Sunrise project, Aslanbayli highlighted several other initiatives supporting bp’s energy transition goals in Azerbaijan:

“These include electrifying Shah Daniz platforms, interconnecting them, and implementing the Shah Daniz compression project to increase gas extraction from low-pressure areas.”

He further emphasized that bp’s cooperation with Azerbaijan extends well beyond its current portfolio.

“We're also working on exploring new investment opportunities and developing innovative projects in the field of energy transition,” Aslanbayli noted.

By Vafa Guliyeva