Azerbaijan increased production over last 2 years - SOCAR president
By Trend
Over the past two years, Azerbaijan’s state oil company SOCAR increased total production by 66 percent, SOCAR Vice President for Field Development Yashar Latifov said, Trend reports Feb. 20.
Latifov was reading out a letter by SOCAR President Rovnag Abdullayev addressed to the participants of the IADC Drilling Caspian Conference & Exhibition in Baku.
The letter reads that the socio-economic progress and sustainable development achieved by Azerbaijan, where production of industrial oil began for the first time in the world, are closely related to international projects being implemented as part of the energy strategy founded by national leader Heydar Aliyev and which is being successfully developed by President Ilham Aliyev.
“Oil and gas projects being implemented by Azerbaijan have become an integral part of the global energy industry,” Abdullayev said in his letter. “We always feel the support of the government in all of our projects.”
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