BP Transfers Management of Baku-Tbilisi-Ceyhan and Baku-Supsa Pipelines

Energy giant BP has decided to transfer the management of two strategically important oil pipelines to Azerbaijan and Georgia. The Baku-Tbilisi-Ceyhan (BTC) and Baku-Supsa pipelines play a critical role among global energy corridors. The company announced that while it is relinquishing operational management of these pipelines, it will continue its activities in the projects. BP's move could accelerate the shift of control over regional energy infrastructure to local actors. The BTC pipeline transports oil from the Caspian Sea to world markets via Turkey, while the Baku-Supsa pipeline connects to Georgia's Black Sea coast. The management transfer will increase the two countries' influence in the energy sector. With this decision, BP will maintain its presence in the region but will leave daily operational responsibilities to local administrations. The company stated that this change will not affect energy supply security and that existing agreements will be preserved. Experts suggest that this step could be part of BP's strategy to restructure its global portfolio. This is not investment advice.