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Р’Р  to Double Finance Local Suppliers by 2010

Oil&Gas Materials 6 October 2006 15:26 (UTC +04:00)

David Woodward, the President of Р'Р  Azerbaijan stated that by 2010 Р'Р  intends to double the expenses for local suppliers, Trend reports.

This year, in co-operation with 300 small and medium-scale enterprises, over 30 joint ventures with Azerbaijani capital and 50 state-run enterprises, the company plans to spend $1.6bln, he noted.

During the expansion of local resources, the Company made a decision to expand the target work.

In the near future the Company will state on important resolutions within the framework of the provision with transparent capital as part of utilizing the potential of delivery network under the program on financial provision program.

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