NEWS FEED
Zoom
10:46 16 August
10:35 16 August
10:23 15 August
10:18 15 August
TOP 5

OPEC: Azerbaijan’s oil supply remained lower year-on-year by 80,000 barrels

Azerbaijan’s oil supply increased 40 tb/d month-on-month to average 0.80 mb/d in April, said OPEC Monthly Oil Market Report (MOMR).

However, it remained lower year-on-year by 80 tb/d.

 

“Azerbaijan’s oil production has been declining due to mature oil fields, as well as a heavy decline of more than 16% in the ACG offshore complex in the Caspian. Overall, the country’s oil supply is expected to contract by 60 tb/d y-o-y to average 0.78 mb/d in 2017”, MOMR said.

 


 

Related news releases

VİDEO NEWS

PHOTO NEWS

  • Current situation in the front-line units of the Azerbaijani...
  • State Border Service holds large-scale exercises in Caspian ...
+2
EXCHANGE RATE
FOREX
/ 16 August, 2017

USD
1.7008
 
EUR
1.9972
 
RR
0.0284