BAKU, Azerbaijan, September 24. bp is now
looking to build on its experience in Azerbaijan through new
opportunities across the wider region, including projects in
Uzbekistan and Kazakhstan, said Kimberly Harrington, Head of U.S.
International Affairs at bp America.
She made the remarks during the seventh annual Caspian Business
Forum held by the Caspian Policy Center (CPC) in New York.
“What makes these developments exciting is that they really
build on all of the expertise, all of the experience that
Azerbaijan has, all the capabilities that it has developed over the
past 30 years,” she said, adding that they demonstrate how
“expertise, partnership, and infrastructure-led thinking” can
unlock opportunities across the wider region.
Harrington described the development of the Caspian’s energy
sector as a model of long-term cooperation among governments,
businesses, and various communities.
“From a bp perspective, when we look at the Caspian, we really
see one of the most incredible energy success stories of our time,”
Harrington said. “That is a really extraordinary success story that
came together because of the compelling work of the private sector,
governments, and communities to achieve a long-term shared vision
together.”
Turning to investment decisions, Harrington stressed that the
Caspian region competes with opportunities around the world for
finite private capital. “Before committing any long-term capital,
we look for several factors, including resilient infrastructure,”
she said. “In an age where capital can move anywhere in the world,
we’re always going to look for projects that can be valuable to our
shareholders and bring back reliable returns.”
