SOCAR expects increase in oil delivery after 2020

The Azerbaijani State Oil Company (SOCAR) expects an increase in oil deliveries after 2020, SOCAR head Rovnag Abdullayev said in an interview with The Business year magazine on Thursday.

This approach determined the company's attitude to the South Corridor project, the SOCAR chief added.

"Oil production, increasing each year, has passed the psychological threshold of 50 million tons and gas production is close to 30 billion cubic meters," Abdullayev said.

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