(MENAFN) Marina Stefani, Director of Fitch Ratings Sovereign Group in Europe, revealed that Azerbaijan is forecast to hit USD65 in its oil prices for 2019.
Oil prices in Azerbaijan are also expected to decline to stand at USD62.5 by 2020, the director of Fitch unveiled.
Gas production in Azerbaijan, the director affirmed, is likely to witness a boost attributed to output from phase two of the development of Shah Deniz field.
Proved reserves of the field hit 1.2 trillion cubic meters of gas and 240 million tons of condensate.
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