EIA Lowers Oil Production Forecast In Azerbaijan For 2024
Date
9/11/2024 2:16:41 AM
(MENAFN- AzerNews)
The US energy Information Administration (EIA) has reduced its
forecast for oil production in Azerbaijan for 2024 by 10,000
barrels per day.
Azernews reports that this was mentioned in EIA's September
report on the "Short-term energy perspective".
According to the updated data of EIA, oil production in
Azerbaijan this year will be 600 thousand barrels per day (August
forecast - 610 thousand barrels).
Production in the third quarter is expected to be 600,000
barrels per day (August forecast - 610,000 barrels), and in the
fourth quarter, it is expected to be 610,000 barrels (620,000
barrels).
In the first quarter of this year, oil production was 600,000
barrels per day, and in the second quarter, 590,000 barrels.
According to the EIA, in 2023, the production of liquid
hydrocarbons in Azerbaijan was at the level of 620 thousand barrels
per day.
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