Vice President of SOCAR: Hydrocarbons of the country are equivalent to four billion tons of oil and six trillion cubic meters of gas
Evaluation of hydrocarbon resources of Azerbaijan continues to grow,
the First Vice-President of the State Oil Company of Azerbaijan, Khoshbakht Yusifzade, said at the meeting with members of the Business Integration Club "Khazar-Europe."
After the discovery of gas mega-structure of "Shah Deniz", new large gas fields, "Umid" and "Absheron" were opened in the Azerbaijani sector of the Caspian Sea. In addition,
In the future, the structures "Babek", "Nakhchivan", "Asiman", "Shafaq", "Zafar-Meshal" will be developed. Today, the proven gas reserves in all of these structures are estimated at more than 2,5 trillion cubic meters. However, the projected reserves are estimated at six trillion cubic meters.
Proven oil reserves are estimated at 2 billion tons, and the same amount is projected, said Yusifzade. -02D-
Economics
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