US EIA forecasts 790.000 barrel of oil production per day for Azerbaijan in 2018


Azerbaijan’s oil production will average 790.000 barrels per day in 2018, according to the US Energy Information Administration’s (EIA) report published in its Short-Term Energy Outlook (STEO).

EIA report says that per day oil production in the first quarter of this year will average 810,000 barrels, in the second quarter 800,000 barrels, in the third 780,000 barrels, and in the fourth 770,000 barrels.

The volume of oil production in Azerbaijan is forecast to stand at 770.000 barrels per day in 2019.

So, the country is expected to produce 78.000 barrels of oil per day in the first and second quarters of 2019, 770.000 barrels per day in the third quarter and 76.000 barrels per day in the fourth quarter, EIA said.

Oil production in Azerbaijan amounted 810.000 barrels per day in December 2017.