Minister: Azerbaijan to keep oil output at stable level

Oil production will in the future remain at a stable level in Azerbaijan, the country’s minister of energy, Natig Aliyev told reporters March 11.

Aliyev said that Azerbaijan’s state oil company SOCAR produces around 8.5 million tons of oil a year from the country’s oil fields.

“This is a very stable level,” he added. “I think it will remain stable in the future.”

“Azerbaijan is supporting the production level,” he further said. “Technical and geological work is regularly done to this end. Our priority is to maintain the oil production level.”

Minister Aliyev added that Azerbaijan is also taking measures to increase the gas output levels.

“This work is conducted successfully. More than 25 billion cubic meters of gas will be produced at the Shah Deniz field only in the next two to three years,” he added.

Source: Trend