Highlights of Operations
Chevron has strategic assets in Azerbaijan and strong ties to the nation's economy.
Our participation in Azerbaijan began in 1997 and grew significantly when we acquired Unocal in 2005.
At that time, we took over Unocal's interest in the Azerbaijan International Operating Company (AIOC), which produces and develops offshore crude oil reserves in the Caspian Sea from the Azeri-Chirag-Gunashli (ACG) project.
With that, Chevron became a partner in the Baku-Tbilisi-Ceyhan (BTC) pipeline, which transports oil from Baku, Azerbaijan, through Georgia to deepwater port facilities at Ceyhan, Turkey, on the Mediterranean Sea. The pipeline delivered its first cargo of crude oil in 2006.
Chevron and the AIOC have made sizable investments in the training and development of local staff. By 2008, about 75 percent of all company employees, supervisors and managers were from Azerbaijan.
Updated: March 2008