EIA increases oil production forecast in Azerbaijan

11:45 - 10.03.2021

March 10, Fineko/abc.az. The Energy Information Administration under the U.S. Department of Energy has changed its forecast on the daily production of oil and other hydrocarbons in Azerbaijan for 2020-21, ABC.AZ reports citing EIA.

ABC.AZ reports that according to EIA’s monthly forecast, the average daily production of oil and other hydrocarbons was 770,000 barrels in Azerbaijan last year and it is 40,000 barrels more than the previous forecast.

According to the forecast of the organization, country’s daily oil production will increase in 2022 and will be 820,000 barrels. It is 40,000 barrels more than the forecast of February.

 

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