BP Azerbaijan, its partners to spend in 2005 around $250m with companies with Azeri capital

Oil&Gas Materials 20 December 2005 13:24 (UTC +04:00)

BP Azerbaijan jointly with the partners in the Azeri-Chirag-Gunashli (ACG), Shah-Daniz and Baku-Tbilisi-Ceyhan (BTC) forecasts to spend $249m in the country with the companies with Azerbaijani capital in 2005, BP Azerbaijan announced.

Under the projects it is planned to spend $47m with the state companies, $140m вЂ" with joint ventures, and $62m вЂ" with the small and medium enterprises.

In January to September BP Azerbaijan jointly with its partners in three projects spent $1.8bn in the country with the foreign companies registered in Azerbaijan.