Socar estimates proven hydrocarbon reserves at 4.5 billion tons

Socar estimates proven hydrocarbon reserves at 4.5 billion tons Azerbaijan`s proven hydrocarbon reserves are estimated at 4.5 billion tons of equivalent fuel, head of the state oil company Socar, Rovnag Abdullayev, said in Baku on Tuesday. Addressing a forum on the construction of a huge complex for oil and gas refining and petrochemical production in Azerbaijan, Abdullayev said the country`s projected hydrocarbon reserves are estimated at 10 billion... Read More