Bank Of Baku

Azerbaijan to increase annual oil production by 20%

Azerbaijan to increase annual oil production by 20%
# 17 September 2010 12:25 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. Azerbaijan is expected to increase the annual oil production to 60 mln tons, SOCAR Vice-president Khoshbakht Yusifzadeh informed.

According to him Azerbaijan has been signed 31 oil-gas contracts so far and the oil production reached 50.4 mln tons. After the new contracts the oil production will be reached 60 mln tons.
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