Bank Of Baku

Rovnag Abdullayev: “If the oil price continues to fall, SOCAR will consider issue of cuts in expenditures”

Rovnag Abdullayev: “If the oil price continues to fall, SOCAR will consider issue of cuts in expenditures”
# 11 October 2014 12:33 (UTC +04:00)

Baku. Parviz Nuriyev – APA-Economics. “If the oil price continues to fall, the State Oil Company of Azerbaijan (SOCAR) will consider issue of cuts in expenditures”, said the SOCAR President Rovnag Abdullayev.

 

Abdullayev noted that if the price continues to fall, SOCAR can reduce capital investments: “SOCAR planned to take the base price of oil for 2015 into account at below $100 a barrel while forecasting its budget”.

 

 

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