OPEC reveals its outlook on production of liquid hydrocarbons in Azerbaijan

OPEC reveals its outlook on production of liquid hydrocarbons in Azerbaijan
# 18 January 2022 17:01 (UTC +04:00)

Organization of Petroleum Exporting Countries (OPEC) has not changed its outlook on average daily production of oil and other liquid hydrocarbons in Azerbaijan for 2022, APA-Economics reports citing OPEC's monthly report.

According to the report, the average daily production of oil and other liquid hydrocarbons in Azerbaijan for 2021 was 740 thousand barrels which were 10 thousand barrels less than the previous forecast.

According to the forecast, the mentioned indicator is expected to be 820 thousand barrels in 2022 (it is equal to December forecast).

It is noted that average daily production of oil and other liquid 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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