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OPEC forecasts 13-percent increase in Azerbaijani oil supplies in 2010

Oil&Gas Materials 18 July 2009 10:44 (UTC +04:00)

Azerbaijan, Baku, July 18 / Trend , A.Badalova/

OPEC forecasts the Azerbaijani oil supplies will increase by 0.13 million barrels and reach 1.12 million barrels per day in 2010.

The volume of oil production in the block of the Azeri-Chirag-Guneshli oil fields will reach 1 million -1.2 million barrels per day in 201-2011, the cartel reported.

OPEC predicts the volume of the Azerbaijani oil supplies to be 1.13 million in the third quarter and 1.19 million barrels per day in the fourth quarter.

The Azerbaijani oil supplies will increase by 90,000 barrels per day and be 0.99 million barrels per day in 2009, the cartel reported.

Under the OPEC forecasts, the Kazakh oil supplies will be increased by 0.11 million barrels per day and reach 1.6 million barrels per day. The volume of the country's supplies will amount to 1.56 million in the third quarter and 1.64 million barrels per day - in the fourth quarter.

Non-OPEC countries will deliver 50.9 million barrels of oil per day in 2010 with a 0.3-million-barrel more than in 2009, OPEC reported. Growth in supplies will be basically observed in the countries, such as Brazil, the United States, Azerbaijan, Kazakhstan and Canada. OPEC expects drop in the volume of oil supplies in Mexico, the United Kingdom, Norway and Russia.

In 2009, non-OPEC countries' supplies will up by 230,000 barrels and amount to 50.62 million barrels per day.

In June, OPEC supplied 28.4 million barrels per day with a 39,000-barrel per day more than previous month.

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