BP expects to discover oil reserves at SWAP to compensate for a decline in oil production at its major project in Azerbaijan - the Azeri-Chirag-Guneshli.

Basisbank is ranked the fourth by total assets among 15 Georgian banks with 2.007 billion lari ($627 million) assets.

The stubborn decline of the Armenian government to cooperate with Azerbaijan in demining the formerly occupied territories is one major area where this approach destructive to regional peace and stability stands out.