Energy minister: $95bn invested in Azerbaijan`s oil and gas sector

Baku, September 8, AZERTAC About $95 billion have been invested in Azerbaijan’s oil and gas sector in order to apply advanced technologies and practices, said Minister of Energy Parviz Shahbazov as he addressed the Azerbaijan Competitiveness Forum (ACF-2018) in Baku. He said that Azerbaijan, which marked the production of the 2 billionth ton of oil last year, is recognized as an oil and gas country and initiated global energy projects.