Organization of the Petroleum Exporting Countries (OPEC) forecasts average oil supply in Azerbaijan will shrink in 2020, APA-Economics reports citing OPEC’s monthly statement.
According to the report, the daily average oil supply will be 0.79 mln. barrel in Azerbaijan next year. Despite all of these, a severe fall in oil production is not expected during the year.
Daily production of liquid hydrocarbons is expected to be 0.80 mln. barrel in Azerbaijan, and it is relevant to the 2018 indicator.