However, as Azerbaijani oil expert Ilkham Shaban explained to Vestnik Kavkaza later, the remarks were devoted only to exporting Azerbaijani crude via the Baku-Novorossiysk pipeline.
According to the expert, the whole boom was based on a simple misinterpretation of the SOCAR official's remarks.
Expert says SOCAR official's words were misinterpreted
This week media reported that, according to the Vice-President of the State Oil Company of Azerbaijan (SOCAR), Davud Mamedov, the company will stop exporting crude oil and enhance oil processing within the territory of Azerbaijan.
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