UP

Axar.Az Logo

AZ RU EN آذ فا
Armenia ready to provide humanitarian aid to Iran if needed
Gold and silver production declines in Azerbaijan
Ferrari suspends Middle East deliveries due to war

Investment-oriented price of oil announced

Home page Economy
12 Punto 14 Punto 16 Punto 18 Punto
Investment-oriented price of oil announced

Oil price will rise up to $60 by the end of the year, SOCAR President Rovnag Abdullayev said.

“Oil price is increasing. It has already seen the lowest level. Even $50 a barrel is not an investment-oriented. Big oil companies suspended investments, a number of projects during pas two years”, Abdullayev said.


SOCAR President added that the investment-oriented price of oil is $60-70 a barrel: “I think oil price will rise up to $60 by the year-end. However, this is not sufficient to make a big capital investments”.

Date
2016.06.23 / 18:17
Author
Axar.az
Share
See also

Gold and silver production declines in Azerbaijan

Brent climbs above $118 per barrel

Switzerland’s FDI in Azerbaijan hits significant milestone

Oil prices continue to fall

Azerbaijan’s oil exports reach 3.6M tons in two months

Azerbaijan-US remittances rise sharply in 2025

Azerbaijan’s natural gas exports increase by 5%

Gold futures rise in commodity markets

Oil prices fall in global markets

Italy's Eni announces significant gas discoveries in Libya

Latest
TERMS OF USEAll rights reserved. When using a material link is required. When using the material on the internet pages of the corresponding transition is required.

COMMUNICATION WITH US Baku city, Binagadi district, street S.S.Akhundov
(+994 12) 464-61-74, 464-61-75, 464-61-76
[email protected]
For reklam: [email protected]

www.axar.az - 2026
Xocalı soyqırımı — 1992-ci il Bağla
Bize yazin Bağla
ArxivBağla