BP Plc (BP/) said it will cancel a contract with a company following allegations of fraud related to a project in Azerbaijan. “A contractor told BP that it violated BP’s rules of behavior in the past,” Tamam Bayatli, a BP spokeswoman in the Azeri capital of Baku, said by telephone today. “We are now in the process of terminating our contract with that contractor company.” She gave no details of the contractor or the project involved in the case.

1. SOLAMON
ENERGY

2. BP terminates deal with contractor
after Azeri fraud allegations
• BP Plc (BP/) said it will
cancel a contract with a
company following
allegations of fraud related to
a project in Azerbaijan.

3. “A contractor told BP
that it violated BP’s
rules of behavior in
the past,” Tamam
Bayatli, a BP
spokeswoman in the
Azeri capital of
Baku, said by
telephone today. “We
are now in the
process of
terminating our
contract with that
contractor company.”

4. • She gave no details of the
contractor or the project involved
in the case.
• The Telegraph reported at the
weekend that BP is part of a U.K.
Serious Fraud Office investigation
over bribery allegations filed
against one of its engineering
contractors in Azerbaijan.

5. • The unnamed contractor reported the
allegations itself to the SFO last year, while
there are no suggestions that BP employees
paid bribes, the newspaper said.
• David Jones, a spokesman for the
SFO, declined to comment.
• BP is leading oil and gas projects in
Azerbaijan, including the Azeri-Chirag-
Guneshli, or ACG, and Shah Deniz
developments.