SOCAR: We were ready for decline in oil price

SOCAR: We were ready for decline in oil price
# 04 June 2015 07:35 (UTC +04:00)

Baku - APA-Economics. Negative dynamic in the world oil market practically affected all players in the market, including State Oil Company of Azerbaijan, said the SOCAR President Rovnag Abdullayev.

Abdullayev noted that SOCAR was ready for this situation: “Along with this, we see more opportunities or increase of effectiveness of our operations”.

SOCAR President said that no delay will be observed in the ongoing projects and each of them will be realized within the timeframe: “As a company with concrete targets, we always can divide or projects into priority and non-priority. Oil price decline does not affect the ongoing projects”.

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THE OPERATION IS BEING PERFORMED