In Baku, representatives from 22 countries discussed the development of the oil industry

PHOTO : “the World 24” / Marina Grekova


Trading, logistics, refining. At the fourth international forum in Baku the center of attention – the oil market, reports channel “MIR 24”.

Representatives from 22 countries to discuss the development of the energy sector of Azerbaijan, Uzbekistan, Turkmenistan, Kazakhstan, Turkey, the latest processing technology, new fields in the region and their impact on trade flows and export routes.

Thus, Azerbaijan has supplied to foreign markets more than 500 million tons of oil, and a big part of the oil pipeline Baku-Tbilisi-Ceyhan pipeline. And on the field “Shah Deniz” was produced one hundred billion cubic meters of gas.

“The forum will include presentations and trading activities and the main export routes in the Caspian region. Here are also discussing the development of the energy sector of the CIS regional gas projects, possible imbalances in the global hydrocarbon market in 2019,” – said rector of the Baku higher petroleum school Elmar Gasimov.

The forum will last three days. In addition to the round tables guests can visit the branch enterprises.