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BP signs $1.1B-contracts with 167 Azerbaijani companies last year

In 2016 BP-Azerbaijan signed new long-term contracts worth $1.06 billion with 167 Azerbaijani companies, BP Vice President Bakhtiyar Aslanbayli said at the second day of the 24th International Caspian Oil and Gas Conference.

According to him, BP cooperated with 266 local companies and individuals, of which 58% were small and medium enterprises.

 

“Within joint operations and projects in Azerbaijan, our expenditures amounted to $2.06 billion, of which $900 million was spent to local suppliers”, the vice-president said. 

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