Statoil entered Azerbaijan in 1992 and our projects in this country are among our longest-lasting international investments.
We are working both industrially and socially to build a robust basis for our investments in Azerbaijan together with our partners and industry peers.
In Azerbaijan’s sector of the Caspian, we participate in oil production from the Azeri-Chirag-Gunashli (ACG) field with 8,56% share.
We also have 8.71% share in one of the most important pipelines exporting oil from Azerbaijan - the Baku-Tbilisi-Ceyhan (BTC) oil pipeline. The pipeline runs from the Azerbaijan capital of Baku to the south Turkish port of Ceyhan on the Mediterranean.
Statoil also has a 20% share in the Trans Adriatic Pipeline (TAP).