Bank Of Baku

US announced forecast for Azerbaijan's oil production

US announced forecast for Azerbaijan
# 13 October 2022 16:55 (UTC +04:00)

U.S. Energy Information Administration (EIA) under the Ministry of Energy did not change its forecast for the average daily production of oil and other liquid hydrocarbons in Azerbaijan for 2022-2023, APA-Economics reports citing EIA. 

In 2023, daily production of oil and other liquid hydrocarbons in Azerbaijan is expected to be 640,000 barrels, which is equal to the previous forecast.

According to the forecast, this year, the daily production of oil and other liquid hydrocarbons in Azerbaijan will amount to 670 thousand barrels, which is equal to the previous forecast (issued in September - ed.).

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