Azerbaijan hosts 4th International Geophysics Conference

Azerbaijan hosts 4th International Geophysics Conference
# 15 October 2007 11:41 (UTC +04:00)
Over 80 representatives from Great Britain, US, Germany, the Netherlands, Kazakhstan, Ukraine and China participate in the conference.
SOCAR President Rovnag Abdullayev spoke about the achievements of Azerbaijan’s oil-gas industry. He said that Azerbaijan has signed 28 contracts so far and as a result of it $1bn. has been invested in the country.
“32mln. tonnes oil was produced in 2006, we plan to increase it by 43mln. tonnes by this year-end,” he said.
He said that several foreign companies are ready to sign long-term contracts with Azerbaijan and Azerbaijan plans to export oil to over 30 countries in future.
SOCAR vice-president Xoshbakht Yusifzadeh, chief of Geophysics and Geology department Taleh Hasanov, director of Azerbaijan National Academy of Sciences Akif Alizadeh, president of Russian Drilling Research Association Nikolay Berezovsky and others also addressed the conference.
The conference will come to an end on October 16. /APA/

Politics

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THE OPERATION IS BEING PERFORMED