EIA increases its forecast on oil production of Azerbaijan
  • ECONOMY

  • 10:47 10 June 2020

EIA increases its forecast on oil production of Azerbaijan

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, ONA reports citing EIA.

The average daily production of oil and other hydrocarbons will be 730 thousand barrels in Azerbaijan this year and it is 20 thousand barrels more than the previous forecast.

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