EIA increases forecast of oil production in Azerbaijan
Edited by Rhod Mackenzie / 2016-07-13 04:59:34
In 2016, the oil production in Azerbaijan will amount to 0.85 million barrels per day and in 2017 - 0.81 million barrels per day, this follows from the forecasts of the US Department of Energy's Energy Information Administration (EIA) in the July review of the energy market.
In the June survey, EIA predicted the oil production in Azerbaijan at the level of 0.82 million barrels per day and 0.8 million barrels per day in 2016 and 2017 respectively.
In 2015, according to the EIA estimates, the oil production in Azerbaijan was 0.86 million barrels per day.
