Energy Information Administration (EIA) under the US Department of Energy has slightly reduced its forecast on daily production of oil and other liquid hydrocarbons for 2021-2022 in Azerbaijan, APA-Economics reports citing EIA.
Daily production of oil and other liquid hydrocarbons in Azerbaijan will be 740 thousand barrels this year, which is 10 thousand barrels less in comparison to the previous forecast.
According to the forecast of EIA, daily oil production in the country will increase in 20222 and will be 790 thousand barrels. This is 10 thousand barrels less in comparison to the forecast of April.