EIA decreases its outlook on Azerbaijan's oil production

EIA decreases its outlook on Azerbaijan
# 10 November 2021 09:48 (UTC +04:00)

Energy Information Administration under the US Ministry of Energy has decreased its outlook on daily production of oil and other hydrocarbons in Azerbaijan in 2021-2022, APA-Economics reports citing EIA.

The daily production of oil and other hydrocarbons will be 720 thousand barrels in Azerbaijan this year and it is 20 thousand less in comparison to the previous forecast (October forecast).

According to the forecast of the organization, daily oil production will be 750 thousand barrels in the country in 2022. It is 50 thousand barrels less than the previous forecast.

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