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”.
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Rovnag Abdullayev announces investment-oriented price of oil
23 June 2016
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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”.
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”.
