OIL PRODUCTION TO SURGE YEARLY
The oil production in Azerbaijan is expected to be 28,5 million tons in 2006, 42,15 million tons in 2007, 61,05 million tons in 2008, 61,15 million tons in 2009, AZERTAG correspondent was told at the State Oil Company of Azerbaijan Republic (SOCAR). The increase in production will be possible due to realizing the “Contract of the Century”. Azerbaijan International Operating Company will produce 52,5 million tons of oil in 2009.
Within 3-4 years, the SOCAR will keep oil production steady at approx 8,75 million.
Other news in this section
