EIA changed its forecast on oil production for Azerbaijan in 2020-2021

EIA changed its forecast on oil production for Azerbaijan in 2020-2021
  • Clock-gray 10:02
  • calendar-gray 09 December 2020

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

Average daily production of oil and other hydrocarbons will be 700 thousand barrels in Azerbaijan this year ant it is 10 thousand barrels less than the previous forecast.

Furthermore, EIA has decreased its forecast on daily oil production for the next year in Azerbaijan. Thus, production of oil and other hydrocarbons will be 720 thousand barrels in Azerbaijan next year (according to the forecast of November, this indicator had to be 730 thousand barrels).

According to the indicators of the EIA, average daily oil production in Azerbaijan was 780 thousand barrels in the previous year.

Emil Ismayilov

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