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OPEC: Oil output will decline in Azerbaijan this year


Oil output declinied in Azerbaijan in 2017, OPEC said in its report on January.

 

According to the report, in December 2017 the daily output dropped 0.01 million barrels to 0.79 million barrels: ‘In January-September 2017 daily production in Azeri-Chirag-Guneshli made up 0.59 million barrels, down 50,000 from a year earlier. However, the production was high in October and November’.

 

Moreover, OPEC thinks that the output in Azerbaijan will decline 0.04 million barrels to 0.76 million barrels in 2018. 

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