Azerbaijan has gas reserves of 2. 65 trillion cubic meters”, said Minister of Industry and Energy Natig Aliyev addressing the international conference in Baku.
He said that oil production increased by 5.5 times, gas production by 4 times after Azerbaijan gained independence. According to the minister, it is the one of the highest indicators in the world. Natig Aliyev said that $45 billion has been invested by foreign companies in the oil sector of Azerbaijan up to now.