home . news & publications . Investment News . Investments in Oil and Gas Sector Hits $50 billion

Investments in Oil and Gas Sector Hits $50 billion

Investments in oil and gas sector of Azerbaijan in the coming years could reach $100 billion.

This has been reflected in a report of Minister of Industry and Energy Natig Aliyev that was presented at the meeting of the committee on energy security of the Euronest Parliamentary Assembly.

According to Aliyev, investment in the oil and gas sector of Azerbaijan from 1994 to 2012 reached $50 billion, and in the coming years the volume of investments in this sector will double.

"We have plans to stabilize oil production. In addition, the export potential of the gas is being calculated. There are plans to increase the capacity of the Baku-Tbilisi-Erzurum gas to 50 billion cubic meters a year. I hope that the role of the Caspian Sea in providing Europe with gas will increase," the report says.

Source: News.Az

Back to top

subscribe

events view our upcoming events.

network follow us.



   facebook  linkedin  twitter

 bp
anglo-asian ata-holding
azpetrol statoil
bny_melon azertrans
chevron_logo conocophillips
  ibar exxonmobil
 solar-turbines boeing-logo-website
 
  
 
           
        
   
 
 
         pg
    ekvitasocaraqs            
          ge