It is reported that the National Oil Company of Azerbaijan (SOCAR), an official said here today that the company plans to export North American oil a day increase in the number of double to 20 million barrels per day. However, the official did not elaborate on plans for a timetable for this increase.
Azerbaijan national oil company responsible for marketing and deputy manager of the economy Guliyev said that his company currently is the company's Azeri Light AZR-E crude oil to open up new markets, including Canada.
Guliyev in a press conference that only 20 percent of Azerbaijan's oil sales are sold in the Americas region. Canada's oil market is an ever-growing emerging markets, where demand is increasing.
2008 Azerbaijan produced 44 million tons (8.84 million barrels) of oil.
Vice president of the Azerbaijani national oil company told Reuters last month the financial television reporter said that Azerbaijan plans to increase oil production of at least 50 million tons, Azerbaijan did not plan to join OPEC. The National Oil Company of Azerbaijan in 2008, the average daily supply to North America by 7.3 million barrels per day.
Source: www.in-en.com Apr. 30, 2009
