OPEC didn’t change forecast for oil production in Azerbaijan during this year

# 17:26
12 August 2020

The next year, the average daily production of oil and other liquid hydrocarbons in Azerbaijan will be at the level of 0.72 mln. barrels, "APA-Economics" reports citing the monthly report of the Organization of Petroleum Exporting Countries (OPEC).

The average daily oil production in the country in 2020 will be 0.72 mln. barrels (this corresponds with the forecast given in June).

The report says in May of this year, the daily oil production in Azerbaijan decreased by 112 thousand barrels and made up 0.57 mln. barrels. Meanwhile, in June, this indicator decreased further by 0.02 mln. barrels and made up 0.55 mln. barrels. And it did not change in July as well, made up 0.55 mln. barrels.