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ECONOMY

INPEX Official: Azerbaijan has great future potential

INPEX's Executive Director sees Azerbaijan as a country with great future potential, emphasizing the 10% stake in ACG and long-term partnership.

John Smith
ByJohn Smith- Senior Editor
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INPEX Official: Azerbaijan has great future potential
Photo: Prepared by Bond.az

Munehiro Hosono, Executive Director of INPEX, Japan's largest oil and gas exploration and production company, stated that Azerbaijan is a country with significant future potential.

Speaking at the Baku Energy Forum, he highlighted INPEX's 10% stake in the Azeri-Chirag-Gunashli (ACG) oil field, calling it a key asset and foundation of long-term trust with SOCAR and partners.

Hosono emphasized plans to participate in new gas projects and enhance existing assets, aiming to deepen the partnership for sustainable development.

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