EIA keeps its forecast on Azerbaijan’s Q3 oil production unchanged 

The U.S. Energy Information Administration (EIA) has left its forecast on Azerbaijan’s oil production in the third quarter of 2021 unchanged at 700,000 barrels, Report informs, referring to Short-Term Energy Outlook – August 2021.

At the same time, the forecast is 40,000 barrels or 6.06% more than the figures in the third quarter of 2020.

Note that Azerbaijan’s average oil output is expected to be 720,000 barrels in 2021.