Baku 27° C
OPEC releases its latest forecasts for Azerbaijan
Energy
- 11 October, 2017
- 12:10
Baku. 11 October. REPORT.AZ/ Oil production in Azerbaijan in 2017 will decrease by 60,000 bpd or 7,06% and make 790,000 bpd.
Report informs, the OPEC monthly oil market report says.
According to report, in 2017, production in non-OPEC countries - US, Brazil, Canada, Ghana, Congo and Norway will increase, while in OPEC countries - Azerbaijan, China and Mexico will decrease. The highest increase (600,000 barrels / day) will be in the U.S.
According to report, oil production in Azerbaijan will continue to decline in 2018. Next year, oil production in Azerbaijan is expected to fall by 50,000 bpd or 6.3% and make 740,000 barrels/day.
In 2018, the highest production growth is expected in the United States (860,000 barrels/day).
Author
Latest News
00:00
One year since landmark Washington meeting between leaders of Azerbaijan, Armenia and US
Domestic policy23:47
Bloomberg: Pentagon signs first contract for anti-drone laser systems
Other countries23:37
Romania may restrict electricity exports amid risk of energy crisis
Other countries23:14
Trump to appeal ruling halting White House ballroom construction to Supreme Court
Other countries22:50
US Treasury sanctions two crypto exchanges for supporting Iran's IRGC
Other countries22:40
Italy refuses to lift border controls with Spain over surge in illegal migration
Other countries22:25
Six killed in road accident in Iran
Region21:57
US becomes India's largest supplier of liquefied petroleum gas
Other countries21:43