ECONOMY


BP alone spent $1.1 million on sponsorship projects in Azerbaijan in 2018

Baku, February 13, AZERTAC

“In 2018 BP alone spent $1.1 million on sponsorship projects in Azerbaijan,” BP Azerbaijan told AZERTAC.

“The success of projects in the Caspian region depends, in part, on the operators’ ability to create tangible benefits from these projects for the people of the region. To achieve this, BP and the co-venturers continue to implement major social investment projects, which include educational programmes, building skills and capabilities in local communities, improving access to social infrastructure in communities, supporting local enterprises through provision of access to finance and training, support for cultural legacy and sport, as well as technical assistance to public institutions,” BP Azerbaijan said.

“In 2018, the company and the co-venturers in BP-operated joint ventures spent $3 million in Azerbaijan alone on social investment projects.”

“BP (on behalf of the co-venturers in the joint ventures that it operates) will continue their social investment initiatives in support of local capacity-building and enterprise development throughout Azerbaijan to assist the country in strengthening its economy,” the company said.

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