EIA increases its forecast on oil production in Azerbaijan

EIA increases its forecast on oil production in Azerbaijan
  • Clock-gray 09:24
  • calendar-gray 10 March 2021

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, APA-Economics reports citing EIA.

The average daily production of oil and other hydrocarbons was 770 thousand barrels in Azerbaijan last year and it is 40 thousand barrels more than the previous forecast.

According to the forecast of the organization, daily oil production will increase in the country in 2022 and will be 820 thousand barrels. It is 40 thousand barrels more than the forecast of February. 

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