Source Pravda.Ru

Investments in Azerbaijani oil and gas sector reach $5bn

More than $5bn have been invested in the oil and gas sector of Azerbaijan as of now, Natig Aliyev, President of the State Oil Company of Azerbaijan, reported at the international exhibition and conference 'Oil, gas, oil processing and petrochemical industry in Caspian region'. According to estimates of experts, up to $100bn will be invested in this industry in Azerbaijan through 2020. The implementation of four promising projects will bring about $12-13bn before 2005.

Aliyev stressed that the strengthening of political stability in this region was having a positive impact on oil and gas projects - all programs launched by the State Oil Company of Azerbaijan and foreign companies were being implemented stage-by-stage. The State Oil Company of Azerbaijan also reported an increase in oil production over the past several years. It went up from 9m to 15.2m tons over the past five years, the Trend agency reported.

Comments
Russia to prove its innocence in MH17 disaster
Science Has Once Again Declared: ‘We Were Created’
Science Has Once Again Declared: ‘We Were Created’
Science Has Once Again Declared: ‘We Were Created’
Science Has Once Again Declared: ‘We Were Created’
Russia's World Cup: 883 billion spent, 184 billion made
EU bans imports of all Russian poultry
Russia's World Cup: 883 billion spent, 184 billion made
Russia's World Cup: 883 billion spent, 184 billion made
Putin-Trump summit in Helsinki held in the cross hairs of the Russian fleet
Putin-Trump summit in Helsinki held in the cross hairs of the Russian fleet
Russia to prove its innocence in MH17 disaster
Trump versus the Traitors on Capitol Hill
Can USA and Russia reset their relationship in Helsinki or is it a waste of time?
Can USA and Russia reset their relationship in Helsinki or is it a waste of time?
China makes serious preparations for hot war with USA
China makes serious preparations for hot war with USA
Putin-Trump summit in Helsinki held in the cross hairs of the Russian fleet
Russia to prove its innocence in MH17 disaster
Who shot down Russia's Su-25 in Syria?
Who shot down Russia's Su-25 in Syria?