OPEC forecasts oil production to decrease in Azerbaijan
  • ECONOMY

  • 17:09 11 September 2019

OPEC forecasts oil production to decrease in Azerbaijan

Organization of the Petroleum Exporting Countries (OPEC) forecasts that daily average oil production will decrease in Azerbaijan in 2019, ONA reports citing the monthly report of OPEC.

The report says OPEC has decreased forecast on daily average oil production from 0,80 mln. barrels to 0,79 mln. barrels.

Note that the amendment to the forecast has been made by taking into consideration that “Western Chirag” platform of “Azeri-Chirag-Gunashli” oil-gas field block, situated in Azerbaijan sector of Caspian basin, has been halted due to preventive measures in October of the year.
 
According to the report, forecast for daily average oil production in Azerbaijan has remained unchanged 0,79 mln. barrels for next year.

Emil Ismayilov

Tags:

RELATED NEWS