OPEC hasn’t changed its forecast for Azerbaijan

OPEC hasn’t changed its forecast for Azerbaijan
  • Clock-gray 17:03
  • calendar-gray 13 May 2020

The Organization of Petroleum Exporting Countries (OPEC) hasn’t changed its forecast regarding average daily oil production in Azerbaijan for 2020, "APA-Economics" reports citing OPEC’s monthly report.

According to the forecast, in 2020, the average daily oil production rate in the country will be 0.7 mln. barrels.

The report says this forecast has been issued taking into consideration the planned maintenance works at Chirag oil field being a par of the "Azeri-Chirag-Guneshli" block of fields and at Shah Deniz gas-condensate field and the voluntary oil production regulation approved by the country.

 

Emil Ismayilov

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