bp's In-Country Spending in AGT Region Surges 27.6% to Nearly $1.5 Billion

During the first nine months of the year, bp's direct expenditures on local workforce and materials through agreements with domestic suppliers and resident foreign contractors across the Azerbaijan–Georgia–Turkey (AGT) region reached $1,489.9 million, marking a 27.6% increase year-on-year.

According to bp's nine-month operational performance review, the energy major spent $672.6 million across 14 joint ventures with local partners. Domestic expenditures by 58 foreign contractors totaled $360.9 million. Additionally, bp directed $408.3 million to 227 small and medium-sized enterprises (SMEs) and $48.1 million to 34 state-owned entities, engaging a total of 333 sub-contractor enterprises throughout its operational supply chain.