Putin’s news conference coincided with heightened tensions over what Ukrainian officials say is a deployment of more than 120,000 servicemen on its borders more than seven years after Russia annexed the Crimea peninsula and Kremlin proxies seized large chunks of territory in eastern Ukraine’s Donbas region.

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 oilfields, which account for most of the country’s oil output.