Baku 2° 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
17:02
Azerbaijan's spending on melon seed imports from Türkiye quadruples
Business16:57
Ilham Aliyev sends letter to Erdogan on 3rd anniversary of Kahramanmaras earthquake
Foreign policy16:35
Verdicts delivered in case of 15 Armenian citizens accused of war crimes - SUMMARY
Domestic policy16:23
EU bolsters submarine cable security with €347M investment and new toolbox
Other countries16:21
Baku Military Court issues sentences to seven more Armenian citizens
Domestic policy16:07
Construction of 4 neighborhoods completed in Azerbaijani quarter in Turkiye's Kahramanmaras
Foreign policy15:45
Greek PM to visit Türkiye on February 11
Region15:43
Construction of cultural center in Turkiye's Kahramanmaras to be ready this year
Foreign policy15:33