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Avery significant event happened in Azerbaijan. Large gas reserves - about 300-350 billion cubic metres - were discovered at the Absheron field. Late last year, the State Oil Company discovered the Umid deposit. Thus, our proven gas reserves are about 2.6 trillion cubic metres. It is a very big figure on a global scale. Given our geographical position, I can say that this opens up new opportunities not only for us but for our partners in Europe.

From a speech at a meeting of the Cabinet of Ministers
23.10.2011
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