BP Plays Tough with Suppliers to Push Down Service Costs

摘要

BP is pushing aggressively to drive down services costs, tearing up contracts with suppliers and demanding discounts to existing terms, as it attempts to cope with the reduction in oil prices and the global economic turmoil.Carrying through on a promise made to investors and shareholders at the group's results day early this month, BP is driving "deflation into the supply chain" and looking to renegotiate a whole range of contracts with suppliers (IOD Feb.4,p1).