Bank Of Baku

President Ilham Aliyev: “New large oil and gas fields expected to be explored in Azerbaijan in the next 3-5 years”

President Ilham Aliyev: “New large oil and gas fields expected to be explored in Azerbaijan in the next 3-5 years”
# 14 July 2009 08:29 (UTC +04:00)
President Aliyev said in his speech at the Royal Institute of International Affairs that explored natural gas resources in Azerbaijan reached 2 trillion cubic meters, “There are enough reasons to say that this figure will reach 5 trillion cubic meters in near future due to the exploration of the new fields, which will make Azerbaijan’s gas resources enough for 100 years”.
Azerbaijan has one million barrel oil and 25-27 billion cubic meters of gas production per day.
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