SOCAR says oil price will rise up to $75 within next 1-2 years

 SOCAR says oil price will rise up to $75 within next 1-2 years
# 22 July 2015 12:45 (UTC +04:00)

According to him, the decline of production cost of the oil to below $60 caused suspension of half of works in this sphere: “More decline of oil causes problems in the market. Today, SOCAR’s oil production is below production cost. And this does not affect us so”.

According to his expectations, oil price will rise up to $75 within next 1-2 years.

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THE OPERATION IS BEING PERFORMED