Azerbaijan, Baku, March 19 / Trend I. Khalilova /
Main reason of oil price change is connected with its use in the world. Presently, there is standstill inn entire world industry. This standstill reduces energy carriers use, Rovnag Abdullayev, SOCAR president (the State Oil Company of Azerbaijan) said.
"This process is likely to continue during 2009," Abdullayev said.
Oil production's reduction and increase are not main reason of its price change, Abdullayev said.
Cost of oil products is not planned to change in Azerbaijan, head of SOCAR said. These prices are fixed by Tariff (Price) Council of Azerbaijan and do not depend on the world oil prices. Prices for oil products are fixed depending on situation on Azerbaijani market.
SOCAR has not addressed regarding change of these prices, Abdullayev said.
Do you have any feedback? Contact our journalist at [email protected]