OPEC not changes its outlook on production of liquid hydrocarbons in Azerbaijan

OPEC not changes its outlook on production of liquid hydrocarbons in Azerbaijan
# 11 November 2021 17:58 (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 2021-2022, APA-Economics reports citing OPEC's monthly report.

According to the report, average daily production of oil and other liquid hydrocarbons in Azerbaijan for 2021 is expected to be 750 thousand barrels which is equal to the previous forecast.

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