EIA reveals its outlook on oil production in Azerbaijan

EIA reveals its outlook on oil production in Azerbaijan
# 09 June 2021 10:54 (UTC +04:00)

Energy Information Administration under the US Ministry of Energy has slightly 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 730 thousand barrels in Azerbaijan this year and it is 10 thousand barrels less than the previous forecast (given in May).

According to the forecast of the organization, daily oil production will increase in the country in 2022 and will be 780 thousand barrels. It is 10 thousand barrels less than the forecast for May.

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