Azerbaijan to reduce oil output next year

Azerbaijan to reduce oil output next year
# 22 November 2016 08:35 (UTC +04:00)

Baku – APA-Economics. Azerbaijan will reduce oil output 0.8% this year, APA-Economics reports citing to state budget package for 2017.

 

According to document, the country will produce 41,306,400 tonnes of oil in 2016.

 

In 2017, the output is expected to make up 39,796,900 tonnes, down 3.65% from 2016.

 

The output will stand at 38,769,400 tonnes in 2018, 39,914,200 tonnes in 2019 and 39,107,600 tonnes in 2020. 

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