Energy Information Administration (EIA) under the US Ministry of Energy downgraded its forecast on daily production of oil and other liquid hydrocarbons for Azerbaijan in 2023-2024, APA-Economics reports citing EIA's monthly report.
It is estimated that the daily production of oil and other liquid hydrocarbons will be 640,000 barrels in Azerbaijan next year, which is 10,000 barrels less than the previous forecasted indicator.
According to the forecast, the production of oil and other liquid hydrocarbons will be 630,000 barrels in Azerbaijan this year (previous forecast - 640 thousand barrels).
According to the report, daily liquid hydrocarbon production in Azerbaijan was 670,000 barrels in the previous year. In 2021, daily liquid hydrocarbon production in Azerbaijan was 720,000 barrels.
Note that in 2019 and 2020, the mentioned indicator was at the level of 780,000 and 700,000 barrels, respectively.
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