VOL. XLVI

No 31

04-August-2003

CASPIAN

BP Azerbaijan Says Progress Being Made On All Projects

BP Azerbaijan said in its latest report, covering the first half of 2003, that progress was being made in all of its projects in Azerbaijan. The companys latest business update of 21 July said it had spent $39mn in operating expenses for all the projects during the first half of 2003 out of a planned $100mn, and that capital expenses for the period had amounted to $944mn out of a planned $2.052bn for the...