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EIA presents a forecast on Azerbaijani - oil production to be cut

11.11.2020,13:33


November 11, Fineko/abc.az. The Energy Information Agency under the U.S. Department of Energy (EIA) did not change the forecast for oil and other liquid hydrocarbons production in Azerbaijan for 2020.

ABC.AZ reports that this year the average daily production of oil and other liquid hydrocarbons in Azerbaijan will be 710,000 barrels.

At that, the EIA lowered Azerbaijan's forecast for oil production in 2021.

So, next year, the daily production of oil and other liquid hydrocarbons in our country will amount to 730,00 barrels (according to the forecast for October, this figure should have been 740,000 barrels).

According to the EIA, last year the average daily oil production in Azerbaijan was 780,000 barrels.