EIA changes its forecast on oil production of Azerbaijan

EIA changes its forecast on oil production of Azerbaijan
  • Clock-gray 09:25
  • calendar-gray 08 July 2020

Energy Information Administration under the US Ministry of Energy has changed its forecast on daily production of oil and other hydrocarbons in Azerbaijan in 2020-2021, APA-Economics reports citing EIA.

The average daily production of oil and other hydrocarbons will be 710 thousand barrels in Azerbaijan this year and it is 20 thousand barrels less than the previous forecast.

It has been noted in the information daily oil production will be 740 thousand barrels in the next year in Azerbaijan (According to the forecast for June, this indicator should be 750 thousand barrels). 

According to EIA's indicators, average daily oil production in Azerbaijan made up 790 thousand barrels in the last year.

Emil Ismayilov

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