EIA increases its outlook on Azerbaijan's oil production this year

11 May 2022 15:51 | 2 800

Energy Information Administration under the US Ministry of Energy has increased its outlook on daily production of oil and other hydrocarbons in Azerbaijan in 2022, SİA reports citing EIA.

The daily production of oil and other hydrocarbons will be 700 thousand barrels in Azerbaijan in 2023 and it is equal to the previous forecast.

According to the forecast of the organization, daily oil production will be 720 thousand barrels in the country this year. It is 10 thousand barrels more than the previous forecast.

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