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EIA keeps its forecast for 2022 oil production in Azerbaijan
Energy
- 09 November, 2022
- 05:31
The average daily oil production in Azerbaijan is expected to be 670,000 barrels in 2022, Report informs, citing the Short-Term Energy Outlook of the Energy Information Administration (EIA) under the US Department of Energy.
The forecast for oil production for this year is the same as the one given earlier in September.
The EIA believes that in the last quarter of 2022, the average daily oil production in Azerbaijan will be 660,000 barrels. This is the same as the forecast given by the agency in October.
It is 50,000 barrels or 7.04% less than the daily oil production forecasts for the fourth quarter of 2021.
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