Aliyev noted that Azerbaijan has large oil and gas reserves: “If we take into account that Azerbaijan is not so big country, we rank 10th for per head oil and gas reserves. Oil production was at low level 10 years ago”.
He also said that Azerbaijan increased production during past decade: “Last year, the country produced 42 mln tonnes. Gas production made 5 bcm I 2003, but not it makes 29 bcm. Our reserves make 2.6 trillion cm. Ths means that we’re able to keep gas production unchanged for over 90 years”.
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