EIA: No changes in forecast for Azerbaijan's oil production in 1Q21

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.