BAKU: In the period from January to September of the current year, bp’s direct expenditures on local workforce (services) and materials under contracts signed with local companies and foreign contractors operating in the Azerbaijan-Georgia-Trkiye region amounted to 1,116.5 million USD, marking a 0.23% decrease compared to the previous year, APA-Economics reports citing bp’s report on its operations in Azerbaijan for the third quarter of the current year.
According to Azeri-Press News Agency, during the reporting period, bp spent 476.9 million USD within joint ventures with local partners, involving 14 companies. The report further highlights that bp’s expenditures on foreign contractors’ costs within the country, which included 86 companies, totaled 266 million USD.
Additionally, the company allocated 338.6 million USD to 241 small and medium-sized enterprises and 35 million USD to 28 state-owned companies during the same period.