Azerbaijan’s 2012 oil output will be the lowest since 2009

Azerbaijan’s 2012 oil output will be the lowest since 2009 According to the State Oil Company of Azerbaijan (SOCAR) and confirmed by CESD’s independent comparative calculations, Azerbaijan will produce 42,9 million tons of oil in 2012. This will be the lowest output since 2009 and is 9 million tons less in comparison to production in 2010. Azerbaijan, however, has responded by slightly increasing oil production targets for 2013; 43,2 million tons of oil and 28,8 billion... Read More