(MENAFN- Trend News Agency)
BAKU, Azerbaijan, June 3. Azerbaijan will
increase oil production by 40 million tons every year, First
Vice-President of the State Oil Company of Azerbaijan (SOCAR)
Khoshbakht Yusifzade said at the 27th Baku Energy Forum on June 3,
Trend reports.
'Since 1997, Azerbaijan has been supplying oil and gas to the EU
markets. The main pipeline through which oil is exported to the EU
is Baku-Tbilisi-Ceyhan. As of May 1, 458 million tons of energy
resources have been exported through it,' Yusifzade noted.
He also noted that the holding of the Caspian Energy Forum and
Exhibition will contribute to the expansion of ties between the oil
and gas industry players.
According to him, the energy forums and exhibitions held over
the past 29 years have contributed to attracting new technologies
and innovations in the field of oil and gas production to the
country.
'Besides, a number of foreign companies were able to get
acquainted with Azerbaijan's experience in oil and gas
production,'Yusifzade said.
MENAFN03062022000187011040ID1104320396
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.