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BP, partners to invest $ 6 billion in Offshore Azerbaijan Project



BP PLC and its partners will bring about a $ 6 billion development of the giant Azeri-Chirag-Deepwater Gunashli oilfield complex offshore Azerbaijan, said British oil magazines Friday.

The project Azeri Central Europe in the Caspian Sea, which includes a new offshore platform and facilities designed to process up to 100,000 barrels of oil a day, is expected to achieve its first production in 2023 and produce up to 300 million barrels during its life expectancy, BP said.


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