Baku 6° C
EIA: No changes in forecast for Azerbaijan's oil production in 1Q21
Energy
- 10 February, 2021
- 09:00
The Energy Information Administration of the US Department of Energy (EIA) has not changed the forecast of average daily oil production in Azerbaijan for the first quarter of 2021, Report informs with reference to the Short-Term Energy Outlook - February 2021.
The country's average daily oil production in the first quarter of this year is projected at 700,000 barrels.
The forecast is 70,000 barrels or 9.09% less than that of the first quarter of 2020. However, compared to the fourth quarter of 2020, this figure increased by 10,000 barrels or 1.45%.
The average daily oil production in Azerbaijan in 2021 is predicted to amount to 730,000 barrels.
Author
Latest News
21:06
Lithuania prolongs sanctions against Russia, Belarus until end of 2027
Other countries20:44
Agreement on cooperation between Azerbaijani and Georgian interior ministries approved
Foreign policy20:27
Azerbaijan and Pakistan discuss strengthening economic cooperation
Business20:12
President orders celebration of Azerbaijani poet Khagani Shirvani"s 900th anniversary
Domestic policy19:52
PM: Lithuania will use funds from EU loan to strengthen air defense
Other countries19:28
Iran says ready for dialogue with US
Other countries19:07
Photo
Azerbaijan and EC mull energy partnership priorities
Energy18:28
Photo
Jeyhun Bayramov visits Museum of Communist Party of China
Foreign policy18:21