Azerbaijan has the potential to retain its position as one of the world’s leading energy hubs for decades to come, stated Giovanni Cristofoli, BP’s Regional President for Azerbaijan, Georgia, and Türkiye, at the 31st Baku Energy Forum, Report informs.
Cristofoli noted that the Caspian Basin is one of the largest hydrocarbon regions in the world. Speaking about Azerbaijan’s potential, he highlighted that the country has built world‑class infrastructure, including offshore facilities, drilling platforms, the Sangachal Terminal, and a pipeline system that truly enables diversification of export routes to Western markets. He pointed out that this infrastructure operates with 99% reliability – one of the highest performance levels in the industry.
“Thanks to the country’s leadership, a genuinely favourable business environment has been created here. The very fact that this large‑scale forum is being held demonstrates how the country continues to attract business and investment,” Cristofoli said.
He also emphasised Azerbaijan’s strong human capital. “We are gradually turning Baku into a new Houston or a new Aberdeen. Our specialists in drilling, subsurface geology, commercial operations, and engineering not only support our business here but also contribute to many of the company’s activities worldwide, both in upstream and downstream operations.”
Cristofoli stressed that Azerbaijan’s combination of abundant resources, advanced infrastructure, and highly skilled professionals positions the country to remain a key player in the global energy sector for many years to come.
https://report.az/en/energy/gio-cristofoli-azerbaijan-can-remain-a-global-energy-hub-for-decades