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Expenses of partners on energy projects in Azerbaijan excess $1B

Economy Materials 11 August 2015 14:51 (UTC +04:00)

Baku, Azerbaijan, Aug. 11

By Azad Hasanli - Trend:

The expenses on execution of contracts and orders in H1, 2015 as part of projects operated by BP in Azerbaijan, stood at $1.142 billion versus $969 million in January-June 2014, according to a report from BP.

The BP report covered the results of its activity in Azerbaijan in January-June, 2015.

According to the report, the cost of contracts of small and medium-sized enterprises' (including 185 individuals) totalled $310 million, state-owned companies (29 companies) - $54 million, and joint ventures with local partners (13 joint ventures) - $443 million.

Foreign contractors' expenses in Azerbaijan in H1, 2015 were $335 million.

In 2014, the expenses on execution of contracts and orders within the framework of energy projects operated by BP, amounted to $2.03 billion against $2.25 billion in 2013.

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