Will Oil Output be increased next year?

Will Oil Output be increased next year?

Currently action program for 2013 on the Azeri-Chirag-Gunashli (ACG) is being revised.  The statement came from President of SOCAR Rovnag Abdullayev. According to him, oil production in 2013 will be higher than in 2012. He also said a new long-term program until 2020 would be prepared in order to provide for long-term stable production in the volume of 35 million tons of oil annually at the ACG.

According to Abdullayev, in April 2013 under the project Chirag Oil, a new production platform will be installed at the ACG, which will also provide a stable level of oil production.

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