Middle East Economic Survey


No 40



Azerbaijan To Invest $20Bn In Refining And Petrochemicals

Natig Aliyev, Azerbaijans Minster of Industry and Energy told a roundtable discussion in Baku on 27 September that the state plans to invest up to $20bn over the long term in order to maximize the countrys refining and petrochemicals output. He noted that Azerbaijans crude oil production is now more than five times higher than at the time of the collapse of the Soviet...