BP says it is on track to transfer running of BTC pipeline to Azerbaijan's SOCAR
02/06/2026 07:48
BP says it is on track to transfer running of BTC pipeline to Azerbaijan's SOCAR June 2 (Reuters) - British energy major BP BP.L said on Tuesday it was on track to hand over the running of the Baku-Tbilisi-Ceyhan (BTC) oil pipeline to Azerbaijan’s SOCAR from July 1 as part of a contractual obligation.
Giovanni Cristofoli, BP's regional president for Azerbaijan, Georgia and Turkey, made the comments in a statement, stressing that the move was not about BP divesting and that it was "excited" to see SOCAR take over as the pipeline's operator.
(Reporting by Reuters, Writing by Alessandra Prentice
Editing by Andrew Osborn)