Bank Of Baku

EIA increases its outlook on Azerbaijan's oil production for 2022

EIA increases its outlook on Azerbaijan
# 11 August 2021 09:17 (UTC +04:00)

Energy Information Administration under the US Ministry of Energy has not changed its outlook on daily production of oil and other hydrocarbons in Azerbaijan in 2021, APA-Economics reports citing EIA.

The daily production of oil and other hydrocarbons is 720 thousand barrels in Azerbaijan this year and it is equal to the previous forecast (given in June).

According to the forecast of the organization, daily oil production will increase in the country in 2022 and will be 780 thousand barrels. It is 20 thousand barrels more than the forecast for July.

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