SOCAR to at the very least double fuel exports by way of Southern Gasoline Hall by 2027

BAKU, Azerbaijan, October 6. Azerbaijan is
anticipated to spice up the general fuel exports to 22 billion cubic
meters for 2022, President of the State Oil Firm of Azerbaijan
Republic (SOCAR) Rovshan Najaf mentioned, whereas talking on the 2nd
Azerbaijan-Türkiye Power Discussion board, Development studies.

“SOCAR is meant to at the very least double fuel exports by way of the
Southern Gasoline Hall by 2027. Due to this fact, we’re discussing plans on
increasing the TAP and TANAP pipeline capacities. The massive quantity
of investments is required for the implementation of those plans,”
he mentioned.

Najaf famous that SOCAR would additional make investments within the
Turkish financial system.

“So fats, SOCAR has invested $17.7 billion within the financial system of
Türkiye, the place it is significantly price noting the STAR Refinery,
the Petkim petrochemical firm, and TANAP,” the president
mentioned.

—

Comply with the writer on Twitter: @Lyaman_Zeyn

Originally published at Irvine News HQ