OPEC increases its forecast on Azerbaijan

  • 17:47 17 June 2020

OPEC increases its forecast on Azerbaijan

The Organization of Petroleum Exporting Countries (OPEC) has increased its forecast on Azerbaijan's daily average oil and other liquid hydrocarbon production, ONA reports citing OPEC's monthly report.

According to the forecast, average daily oil production will be 0.72 mln. barrels in 2020 (according to the forecast of May, the indicator was 0.70 mln. barrels).

"In April, production of oil and other hydrocarbons in Azerbaijan has made up 0.79 mln. barrels on average", noted in the information.

Emil Ismayilov