The production of oil in Azerbaijan in 2021 will increase by 0.02 million barrels per day compared to last year and will average 0.75 million barrels per day, Report informs, citing OPEC’s December report.
According to forecasts, in 2022 production is expected to increase by 0.08 million barrels per day compared to 2021 - an average of 0.82 million barrels per day.
"Production of liquid hydrocarbons in Azerbaijan in October decreased by 0.01 million barrels to 0.72 million barrels per day, an increase of 0.03 million barrels per day compared to the same period last year. Oil production decreased by an insignificant 0.04 million barrels to an average level of 0.582 million barrels per day, since maintenance, which began on September 23, continued on the Chirag platform until mid-October," the report says.
Condensate production also fell slightly to about 0.14 million barrels per day, according to official sources. OPEC expects Azerbaijani oil production to rise to an average of 0.77 million barrels per day in November after completion of maintenance on the Chirag platform in October.