Bank Of Baku

Azerbaijan to boost oil export by 25%

Azerbaijan to boost oil export by 25%
# 14 November 2008 13:12 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. Azerbaijan predicts to increase oil export by 25% in two years, said Natig Aliyev, the country’s minister of industry and energy.
He added that the country will export 52 million tons of oil by the end of this year.
“Our oil export rate will be 61 million tons next year and 65 million tons in 2010. Our oil and gas potential is not limited to this. There are undiscovered deposits and we will identify, develop and bring them online,” he added.
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