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EIA lowers forecast for Azerbaijan’s oil output
Energy
- 13 May, 2020
- 08:12
The U.S. Energy Information Administration lowered its forecast for Azerbaijan’s 2020 oil production by 40,000 barrels to 710,000 barrels on average, Report informs, citing the Short-Term Energy Outlook (STEO).
According to the Outlook, the daily oil production in Azerbaijan is forecasted at 740,000 barrels in 2021, up 10,000 barrels from the previous forecast.
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