Azerbaijan

The $28-billion Shah Deniz Phase 2 project off Azerbaijan will supply gas to Europe through the Southern Gas Corridor pipeline system.

Baku Shipyard completed the sea trials of BP's subsea construction vessel Khankendi, which is being constructed for the Shah Deniz Stage 2 project.

The Caspian Sea region is once again becoming one of the globe’s important frontiers in oil and gas production. Azerbaijan, Kazakhstan, and Turkmenistan are in the midst of intensive efforts to underpin their developing economies by increased exploitation of massive reserves.