BAKU, Azerbaijan, Nov.11
By Leman Zeynalova - Trend:
Azerbaijan’s petroleum and other liquids production will stand at 0.71 million barrels per day in 2020, as compared to 0.78 million barrels per day in 2019, the US Energy Information Administration (EIA) said in its November Short-term Energy Outlook (STEO), Trend reports.
The country produced 0.77 million barrels per day, 0.70 million barrels per day and 0.67 million barrels in the first, second and third quarters of 2020, respectively.
The expected output for the fourth quarter is 0.69 million barrels per day.
EIA forecasts that petroleum and other liquids production in Azerbaijan will rise in 2021 to stand at 0.73 million barrels per day, while the previous STEO forecasted 0.74 million barrels per day.
The expected production volume for the first and second quarters of 2021 is 0.71 million barrels per day and 0.73 million barrels per day, respectively and 0.74 million barrels per day for the third and fourth quarters each.
The Azeri-Chirag-Gunashli block of offshore fields is giving the major part of the oil produced in Azerbaijan. The Azerbaijani Light oil is produced at that block.
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