Baku Will Bank on Gas Ahead of Oil

BAKU — Azeri oil output will grow less than a tenth over the next decade, after more than tripling since 2000, and new discoveries suggest that the country will put more emphasis on natural gas exploration and exports. Vitaly Bailarbayov, deputy vice president at state energy firm SOCAR, told Reuters in an interview this week that the country aims to export some 70 percent of its gas […]