The Energy Information Administration (EIA) under the US Department of Energy has revised down its forecast on daily oil and other liquid hydrocarbon production in Azerbaijan for 2023-2024, APA-Economics reports monthly report of EIA.
The next year the daily production of oil and other liquid hydrocarbons in Azerbaijan is expected to be 640.000 barrels, which is 10,000 barrels short of the previous forecast.
According to the forecast, the daily production of oil and other liquid hydrocarbons in Azerbaijan will account for 630,000 barrels (the previous forecast - 630,000 barrels) this year.
The report states that last year, the daily production of liquid hydrocarbons in the country settled at the level of 670,000 barrels.
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