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Wednesday, 11 October 2017 17:30

OPEC’s outlook for Azerbaijan declared

OPEC’s outlook for Azerbaijan declared

OPEC is forecasting oil production decline in Azerbaijan in 2017 – by 60,000 barrels per day (7.06%) which will make 790,000 barrels per day, Caspian Energy News (www.caspianenergy.net) reports with reference to the OPEC’s monthly outlook.

The outlook says that oil production in Azerbaijan will decline in 2018 as well.

“Production volumes are expected to reduce by 50,000 barrels per day (6.3%) which will make 740,000 barrels per day. As to the USA, the indicator is seen at 860,000 barrels per day”, the outlook says.

Person in charge of the newsline: Sabina Mammadova 

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