Baku 9° 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
17:54
Zelenskyy hopes frozen Russian assets will be used in Ukraine's favor
Other countries17:47
US may continue strikes on Islamic State positions in Syria for another month
Other countries17:34
Photo
First train delivering Azerbaijani fuel to Armenia reaches destination
Foreign policy17:22
Azerbaijani PM, Montenegro's foreign minister mull expanding bilateral cooperation
Foreign policy17:11
Central Asia–Center gas pipeline disrupted in Russia's Volgograd region
Other countries17:10
Azerbaijan raises cement exports in January–November
Business16:52
Erdogan: Türkiye's defense exports rise 30% since start of year
Other countries16:36
Azerbaijan boosts direct investment in Türkiye in January–September
Finance16:24