BP plans to increase by 2018 the number of local staff working in its structure in Azerbaijan up to 90%. As the regional President of the oil giant Gordon Birrell said, the company employs more than 2,900 citizens of Azerbaijan, which is more than 85 percent of the qualified staff of BP in the country.
The Guardian, referring to the BP Executive Director Bob Dudley, announced that the transnational group - participant and operator of large-scale oil and gas projects in the Caspian Sea – will spend up to $ 1 billion next year due to forced job cuts. In addition to our country, the reduction will affect BP offices in the US, UK and Germany, though there is small probability that the reduction will affect employees working on the platforms.
Earlier, Azerbaijan and BP signed an agreement on cooperation in training the local workforce in the Gobustan regional training center and a memorandum of understanding on the agreed recruitment and appointments process. --17D-
Economics
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The Azerbaijan-Pakistan Business Forum, held in Baku, showcased the growing economic ties between the two nations, as officials and business leaders discussed enhancing cooperation across key sectors. Ambassador of Pakistan to Azerbaijan, Gasim Mohiuddin, emphasized the long-standing, fraternal relations between the countries, underscoring a shared vision of progress and prosperity.
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Azerbaijan and Brazil have signed a Memorandum of Understanding (MoU) in the agricultural sector, aimed at stimulating the growth of investments and mutual trade, announced Azerbaijan’s Minister of Agriculture Majnun Mammadov on social networks.
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The Asian Development Bank (ADB) has approved a loan of USD 131.5 million to enhance a crucial segment of the North–South Corridor in Azerbaijan, aiming to bolster regional connectivity and strengthen Azerbaijan’s strategic position as a key transport hub between Europe and Asia. The total cost of the project is estimated at USD 160.5 million, with the Government of Azerbaijan contributing USD 29 million.
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The IV meeting of the heads of Energy Ministers from member states and observers of the Organization of Turkic States (OTS) concluded today with the signing of a joint communique aimed at bolstering cooperation in the energy sector. The agreement emphasizes key initiatives including the formation of an OTS Energy Coordinating Committee to streamline regional efforts on energy security and sustainable development.
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