Bank Of Baku

Decline in oil prices at world market can negatively affect SOCAR’s incomes

Decline in oil prices at world market can negatively affect SOCAR’s incomes
# 04 July 2012 10:47 (UTC +04:00)
To him, if this process continues, it will influence on the company’s incomes.

Abdullayev spoke about switch to Euro-3 standard. He noted that at present time, installations in the country allow production of gasoline only in accordance with Euro-3 standard: ‘ As to diesel, we can even produce Euro-6. the works are underway in this regard, new oil-gas processing complex is being constructed. So, in 2019-2020, Azerbaijan will be able to produce both gasoline and diesel fuel in accordance with Euro-6 standard’.
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