Bank Of Baku

IEA Deputy Executive Director: “Demand for oil will increase gradually”

IEA Deputy Executive Director: “Demand for oil will increase gradually”
# 09 September 2008 14:15 (UTC +04:00)
Baku. Victoria Dementyeva–APA. International Energy Agency Deputy Executive Director Richard H. Jones addressed at an international conference on “Azerbaijan and Turkmenistan Oil and Gas Potential: energy, economy, ecology, cooperation strategy” in Baku.
Jones made public economic forecasts till 2030 in his report on development tendencies of world economy. He stressed dominant position of oil, gas, and coal and stated the importance of condensed gas and noted that this fuel could not substitute oil completely. Jones added that demand for oil increased gradually and attached importance to Azerbaijan.
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