Azerbaijan to increase production of oil products by 5% in 2023

Azerbaijan to increase production of oil products by 5% in 2023
  • Clock-gray 15:20
  • calendar-gray 23 October 2019

5 855,4 thousand tons of oil products are predicted to be produced in Azerbaijan in 2023 which is 4,7% more in comparison to the forecast for 2019, APA-Economics reports citing State Budget Package of the Republic of Azerbaijan for 2020.

5 592,4 thousand tons of oil products are forecasted to be produced in the country in 2019. This indicator is expected to be 5 569,6 thousand tons in 2020.

According to the document, the growth is forecasted in the production of oil products in 2021 and 2022 and it is predicted to be 5 579,1 thousand tons and 5 603 thousand tons respectively.

Emil Ismayilov

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