The USA increases forecast for oil production in Azerbaijan for 2021-2022

The USA increases forecast for oil production in Azerbaijan for 2021-2022

The Energy Information Administration of the US Department of Energy (EIA) has increased forecasts for oil production in Azerbaijan for 2021 and 2022, upward by 20 thousand bpd each, according to Azerbaijan in Focus, reporting Turan News.

As follows from the data of the monthly forecast of the EIA, oil production in Azerbaijan in 2021 is projected at the level of 0.74 million bpd, against the forecast indicator of 0.72 million bpd in August.

In 2022, the EIA expects that oil production in Azerbaijan will amount to 0.8 million bpd against the August forecast of 0.78 thousand bpd.

According to the updated data of the Department, in 2020 oil production in Azerbaijan amounted to 0.7 million barrels per day.

 

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