Bank Of Baku

Azerbaijan to increase profit oil by 6.6% this year

Azerbaijan to increase profit oil by 6.6% this year
# 18 November 2010 13:28 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. Azerbaijan is expected to increase profit oil by 6.6% this year, SOCAR told APA.

According to company, the volume of profit oil is forecasted to be 29 mln tons in 2010, while it was 27.2 mln tons in 2009.

Note that, Azerbaijan is expected to produce 52.450 mln tons of oil in 2010, up 4% compared with a year ago.
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