DAVOS, Switzerland, January 21. We are
increasing gas production and decreasing oil production. But we
have plans to stabilize oil production and even to increase it,
said President of Azerbaijan Ilham Aliyev as he responded to
questions from business representatives from various countries
during an event titled “Azerbaijan Executive Breakfast,” held as
part of the annual meeting of the World Economic Forum in Davos,
Trend's special correspondent reports.
Noting that it is premature to talk about that, the Azerbaijani
President said: “If exploration projects conducted by international
energy companies bring good results, we have very legitimate hopes
that we may enjoy a second very important oil boom in
Azerbaijan.”
