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Baku celebrated 2 billion tons of oil production in Azerbaijan

A festive ceremony was held at the Heydar Aliyev Center in Baku.

Baku celebrated 2 billion tons of oil production in Azerbaijan

A festive solemn ceremony marking the production of 2 billion tons of oil in Azerbaijan was held on November 8, 2017, at the Heydar Aliyev Center in Baku.

President of Azerbaijan Ilham Aliyev attended the ceremony. He said that oil and gas factor plays a very big role in Azerbaijan's existence as an independent country and in shaping its economic potential.

«Everyone should know that the oil and gas sector of our country will be the main support for many years. Therefore, the Azerbaijani state and the oilmen should put all their efforts to develop this sector.», he said

President Aliyev also stressed that Azerbaijan has enough oil.

«They used to say that there is no oil in Azerbaijan, there is no need to build the Baku-Tbilisi-Ceyhan pipeline, which will never justify itself. Look, we have been producing oil since 1997 together with the consortium for 20 years. As I mentioned, the consortium extracted 460 million tons of oil only from the Azeri-Chirag-Guneshli. But there are much more proven reserves. The extension of the contract until 2050 indicates that we have enough oil, let no one worry».

Upon the order of Ilham Aliyev, SOCAR´s Vice President Khoshbakht Yusifzae was awarded with the 1st degree Labor order for his merits in oil industry.

At the end of the ceremony, a video on history on Azerbaijan’s oil history was displayed.

To read the full story in Russian.

Source : Neftegaz.RU

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