Baku:In the first nine months of this year, BP's direct expenditures on local labor and materials in the Azerbaijan-Georgia-Türkiye (AGT) region reached $1,489.9 million. This represents a 27.6% increase compared to the same period last year. The expenditures were spread across contracts signed with both local companies and foreign contractors, involving a total of 333 subcontractor companies.

According to Azeri-Press news agency, BP's report on its operations in Azerbaijan for the first nine months of 2026 indicates significant spending through joint ventures with local partners, amounting to $672.6 million across 14 companies.

Additionally, the report highlights that foreign contractors, operating in-country, accounted for $360.9 million of the expenditures during the reporting period. BP also allocated $408.3 million to 227 small and medium-sized enterprises, along with $48.1 million to 34 state-owned companies.