The average daily oil production in Azerbaijan is projected at 670,000 barrels in 2022, Report informs referring to the September release of the Short-Term Energy Outlook report of the Energy Information Administration (EIA) of the US Department of Energy.
The forecast for oil production for this year is 10,000 barrels or 1.51% more than in the August forecast.
The EIA has calculated that the forecast for the average daily oil production in Azerbaijan in the third quarter of 2022 will be 670,000 barrels. This is 40,000 barrels or 6.35% more than the August forecast. This forecast is 40,000 barrels or 5.63% less than the forecast for daily oil production in the third quarter of 2021.
In the last quarter of 2022, the forecast for the average daily oil production in Azerbaijan will be 660,000 barrels. It is also 30,000 barrels or 4.76% more than the forecast published by the EIA in August, and 50,000 barrels or 7.04% less than the forecast for daily oil production for the fourth quarter of 2021.