ECONOMY
BP BOLSTERS LOCAL COMPANIES
BP, major operator of the Caspian oil and gas projects, and its partners seek to double the worth of the contracts realized through the local companies within five years.
Until 2005, extra $250 million will be spent yearly through the small and small-medium enterprises as well as local joint companies. Thus, the expenditures with involvement of local companies will rise to $500 million.
The number of companies involved in the contract will increase as well. The main objective is to create the diversified economy and develop the local business.
FEEDBACK
Other news in this section
- 29.08.2023 [10:41]
Oil prices fall in world markets
- 29.08.2023 [10:34]
Azerbaijani oil price sells for $88.56
- 28.08.2023 [16:41]
Shah Deniz celebrates 200 billion cubic metres of total gas production
- 28.08.2023 [10:49]
Oil prices rise in world markets
- 26.08.2023 [10:53]
Azerbaijani oil price exceeds $88
- 26.08.2023 [10:36]
Oil prices rise in world markets
- 25.08.2023 [11:00]
Azerbaijani oil price drops in world markets
- 25.08.2023 [10:21]
Oil prices rise in world markets
- 24.08.2023 [10:57]
Oil prices fall in world markets
Warships of Russia’s Caspian Flotilla pay friendly visit to Baku
- 27.06.2024 [21:18]
Azerbaijan, China discuss cooperation in energy storage systems
- 27.06.2024 [21:01]
COP29 Information Centre opens to visitors
- 27.06.2024 [20:37]
Azerbaijan, Ukraine explore current state of relations
- 27.06.2024 [19:48]
Azerbaijan, Libya hail mutual support within international organizations
- 27.06.2024 [19:11]
Nacho Fernández leaves Real Madrid and joins Al Qadisiyah
- 27.06.2024 [18:52]
Azerbaijan, Georgia discuss prospects for developing interparliamentary ties
- 27.06.2024 [18:47]
UK car output falls nearly 12% in May on EV transition, says industry body
- 27.06.2024 [18:34]
Azerbaijan, Georgia explore prospects for developing bilateral relations
- 27.06.2024 [18:26]
Greco-Roman burials indicating ancient disease unearthed in Egypt’s Aswan
- 27.06.2024 [17:55]
Azerbaijani FM visits monument to National Leader Heydar Aliyev in Tbilisi
- 27.06.2024 [17:34]
UNEP Executive Director hails Azerbaijan’s efforts to address climate change
- 27.06.2024 [17:24]
Gassy cows and pigs will face a carbon tax in Denmark, a world first
- 27.06.2024 [15:18]
Central Bank: $94.8m worth of demand fully covered at FX auction
- 27.06.2024 [14:59]
President Ilham Aliyev received President of Asian Development Bank VIDEO
- 27.06.2024 [14:52]
World Drug Day report highlights spike in drug use, increased trafficking
- 27.06.2024 [12:48]
Azerbaijan Army servicemen hold volleyball championship
- 27.06.2024 [12:33]
Azerbaijani FM embarks on official visit to Georgia
- 27.06.2024 [10:52]
Azerbaijani oil price down in global markets
- 27.06.2024 [10:52]
Oil prices down in world markets
- 27.06.2024 [10:50]
Türkiye, debutants Georgia through EURO 2024 last 16
- 27.06.2024 [10:07]
Azerbaijan Army holds series of events marking 26 June - Armed Forces Day
- 26.06.2024 [22:18]
Azerbaijan Army holds solemn ceremony on 26 June - Armed Forces Day
- 26.06.2024 [20:08]
Austria beat Netherlands 3-2 to reach EURO 2024 last 16 as Group D leaders
- 26.06.2024 [19:27]
® BVLGARI is main sponsor of Torlonia Marbles exhibition at Louvre
- 26.06.2024 [18:25]
Azerbaijan's Defense Minister meets with his Italian counterpart VIDEO
- 26.06.2024 [16:53]
Soldiers march in parade through Baku in Armed Forces Day celebration
- 26.06.2024 [15:35]
OSCE meeting highlights right of return of Western Azerbaijanis VIDEO
- 26.06.2024 [12:43]
US defense chief speaks to Russian counterpart via phone: Pentagon
- 26.06.2024 [12:13]
First Vice-President Mehriban Aliyeva made post on Armed Forces Day
- 26.06.2024 [10:30]
President Ilham Aliyev shared post about National Hero Natig Gasimov
- 26.06.2024 [01:15]
President Ilham Aliyev shared post on Armed Forces Day
- 25.06.2024 [22:03]
Azerbaijan, Russia discuss current situation in region
- 25.06.2024 [21:00]
First day of "By Youth For Youth" International Forum concludes in Shusha
- 25.06.2024 [20:52]
Sabina Aliyeva addresses meeting of OIC ombudspersons in Morocco
- 25.06.2024 [20:33]
Ukraine and Moldova enter formal membership talks with the European Union
- 25.06.2024 [20:04]
® Kapital Bank successfully completed subscription for dollar bonds
- 25.06.2024 [19:51]
Azerbaijani cadet judokas to aim for 'medal rush' at European Championships
- 25.06.2024 [19:44]
Turkish, Armenian foreign ministers hold rare phone call
- 25.06.2024 [19:30]
Shusha hosting International Youth Forum
- 25.06.2024 [18:48]
Youth involvement in major projects essential, says minister
- 25.06.2024 [18:36]
Azerbaijan’s Green World Solidarity Year in spotlight of US media
- 25.06.2024 [18:21]
Young European Ambassadors highlight importance of COP29 in Azerbaijan
- 25.06.2024 [18:13]
® Over 700 young people joined the “This Is the Way” social project!
- 25.06.2024 [17:43]
Nacho Fernandez leaves Real Madrid after more than 2 decades
- 25.06.2024 [17:21]
BHOS students to represent Azerbaijan in US
- 25.06.2024 [17:00]
Cooperation Forum of Azerbaijani NGOs wraps up in Zangilan
- 25.06.2024 [16:56]
Fiji Airways crowned best airline in Australia and Pacific for second year
- 25.06.2024 [16:21]
Azerbaijan, Turkmenistan discuss progress made on Middle Corridor expansion
- 25.06.2024 [15:53]
Euro 2024: Deutsche Bahn's onboard beer sales double
- 25.06.2024 [15:24]
400 Kenyan police officers depart for Haiti to lead UN-backed mission
- 25.06.2024 [15:22]
Germany: Rare Rothschild giraffe born at Berlin zoo
- 25.06.2024 [14:50]
Garlic could be a secret weapon to keep down your glucose and cholesterol
- 25.06.2024 [14:31]
Central Bank: $87m worth of demand fully covered at FX auction
- 25.06.2024 [14:15]
Malaysia hosts exhibition about Shusha – pearl of Karabakh
- 25.06.2024 [13:13]
Oil prices rise in global markets
- 25.06.2024 [10:51]
Azerbaijani oil price slightly increases
- 25.06.2024 [10:42]
Azerbaijani wrestler into European championships final
- 25.06.2024 [10:15]
33 Greco-Roman era family tombs uncovered in Egypt's Aswan
- 25.06.2024 [10:02]
Mattia Zaccagni's last-minute goal brings last 16 ticket to Italy
- 25.06.2024 [08:02]
European Commission says Apple in breach of EU competition rules
- 24.06.2024 [21:00]