Oil output of 50m tons `is enough`
Azerbaijan`s oil production of 50 million tons per year is enough and there is no need to increase it, Energy Minister Natig Aliyev has said.
Addressing a meeting of the energy security commission, held in Baku as part of a session of the EU`s Euronest Parliamentary Assembly, Aliyev said that the resource-rich South Caucasus republic also sells gas to Russia and has a gas transportation agreement with Turkey.
``Azerbaijan`s territory and population is not that large, and we are able to do the work we planned with these funds,`` the minister said.
He emphasized that Azerbaijan has not been significantly affected by the world economic crisis and expressed hope that this will also be the case in the future.
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