OPEC not changes its forecast on production of hydrocarbons in Azerbaijan for this year

OPEC not changes its forecast on production of hydrocarbons in Azerbaijan for this year
  • Clock-gray 17:41
  • calendar-gray 11 February 2021

Organization of Petroleum Exporting Countries (OPEC) has not changed its forecast on average daily production of oil and other hydrocarbons in Azerbaijan for 2021, APA-Economics reports citing OPEC's monthly report.

According to the report, average daily production of oil and other hydrocarbons in Azerbaijan for 2021 is expected to be 730 thousand barrels which is in relevance with the previous forecast.

It is noted that average daily production of oil and other hydrocarbons in Azerbaijan for 2020 was 730 thousand barrels last year. It is 60 thousand barrels less than the 2019 indicator.

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