OPEC presents a forecast on Azerbaijan

18.01.2022,18:00


January 18, Fineko/abc.az. The Organization of Petroleum Exporting Countries (OPEC) did not change the forecast on the average daily production of oil and other liquid hydrocarbons in Azerbaijan for 2022, ABC.AZ informs with reference to OPEC’s monthly report.

According to the report, the daily production of oil and other liquid hydrocarbons in Azerbaijan for 2021 amounted to 740,000 barrels (10,000 barrels less than the previous forecast).

According to OPEC's forecast, in 2022 this indicator will be at the level of 820,000 b/d (which is equivalent to the forecasted figure in December 2021).

The average daily production of oil and other liquid hydrocarbons in Azerbaijan in 2020 amounted to 730,000 barrels (60,000 barrels less than in 2019).