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Russia’s RussNeft talks on current assets & production in Azerbaijan

Oil&Gas Materials 8 October 2019 21:00 (UTC +04:00)

Baku, Azerbaijan, Oct. 8

By Mirsaid Ibrahimzade – Trend:

Russian oil company RussNeft sees its current assets in Azerbaijan as economically viable and they live up to all expectations, a source in the company told Trend.

Noting that the company is considering all economically viable projects, including those in Azerbaijan, the source added that in order to increase production efficiency, the company uses all the technical and technological innovations available in Azerbaijan, Russia and in the world as a whole.

Regarding the production growth, the source noted that the approved strategy involves maintaining the production level, but doesn’t imply growth.

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Follow the author on Twitter: @MirsaidIbrahim1

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