Azerbaijan International Operating Company
- Azerbaijan International Operating Company
Azerbaijan International Operating Company is a consortium of currently 10 petroleum companies that have signed extraction contracts with Azerbaijan. These companies include: [ [http://www.bp.com/managedlistingsection.do?categoryId=9007997&contentId=7014999 AIOC partners] , BP corporate website]
* BP (UK)
* Chevron (USA)
* Devon Energy (USA)
* StatoilHydro (Norway)
* Türkiye Petrolleri Anonim Ortaklığı (TPAO; Turkey)
* Amerada Hess (USA)
* State Oil Company of Azerbaijan (SOCAR; Azerbaijan)
* ExxonMobil (USA)
* Inpex (Japan)
* Itochu (Japan)
The AIOC made significant investment contributing to the construction of the South Caucasus Pipeline, the Baku-Tbilisi-Ceyhan Pipeline and are currently discussing construction of a Trans-Caspian Oil Pipeline between Kazakhstan and Azerbaijan. Extraction of oil from the Azeri-Chirag-Guneshli fields and natural gas from Shah Deniz has been possible through foreign direct investment in this consortium.
References
External links
* [http://www.bp.com BP corporate website]
* [http://www.azer.com/aiweb/categories/magazine/62_folder/62_articles/62_socar_aioc.html Azerbaijan Oil Contracts] , by Azerbaijan International
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