EIA not changed its forecast on oil production for Azerbaijan in 2021

EIA not changed its forecast on oil production for Azerbaijan in 2021
  • Clock-gray 09:24
  • calendar-gray 11 November 2020

Energy Information Administration under the US Ministry of Energy has not 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 710 thousand barrels in Azerbaijan this year.

EIA has decreased its forecast on daily oil production for the next year in Azerbaijan. Thus, production of oil and other hydrocarbons will be 730 thousand barrels in Azerbaijan next year (according to the forecast of October, this indicator had to be 740 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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