BP company plans to increase investment by 2 times in Azerbaijan

British BP Company intends to allocate 20 bln pound sterling (nearly $31 bln) more investment in Azerbaijan, Charles Hendry, Minister of Energy and Climate Change of Great Britain said.

To him, Great Britain is in the 1st place among the countries investing in Azerbaijan: “More than 50% of investments allocated in Azerbaijan belong to British companies”.

“The investments are allocated mainly in oil-gas sector. In future, Great Britain intends to invest in financial, construction industry and other sectors too. BP company invested 20 bln pound sterling funds in Azerbaijan so far and it is considered to invest 20 bln pound sterling more in future. Consequently, pipeline infrastructure will be extended, security issues of oil-gas production will be improved in the country”, said Hendry.


/APA/