Growth in Azerbaijan's oil production to be highest in post-Soviet area: OPEC
Azerbaijan, Baku, Nov. 11 / Trend A.Badalova /
OPEC forecasted an increase by 0.12 million barrel in Azerbaijan's oil production in 2009 to 1.03 million barrels per day. This growth will be the highest among the former Soviet countries.
In the fourth quarter of 2009, OPEC expects the country's oil production to be 1.07 million barrels per day.
According to OPEC, in 2010, Azerbaijan's oil production will increase by 0.13 million barrels per day - up to 1.16 million barrels per day. Under the OPEC's November report on the oil market, the highest level of oil production in the country will occur in the fourth quarter of 2010 - 1.23 million barrels per day.
Kazakhstan's oil production will be 1.53 million barrels per day in 2009. In 2010, oil production in the country will grow by 0.08 million barrels to 1.61 million barrels per day, OPEC forecasted.
According to the OPEC forecasts, oil production by the former Soviet countries will be 12.9 million bpd in 2009 and higher 13.11 million bpd in 2010.
In 2009, non-OPEC countries are expected to deliver 50.86 million barrels a day with an increase of 410,000 bpd.
The volume of oil supplies by non-OPEC countries are projected to grow by 360,000 bpd to 51.23 million bpd in 2010 which is higher by 17,000 than projected earlier, mostly at the expense of U.S, Brazil, Azerbaijan, Canada and Kazakhstan.
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