Energy Information Administration under the US Ministry of Energy has decreased its outlook on daily production of oil and other hydrocarbons in Azerbaijan in 2022-2023, APA-Economics reports citing EIA.

The daily production of oil and other hydrocarbons will be 670 thousand barrels in Azerbaijan the next year and it is 30 thousand less in comparison to the previous forecast.

According to the forecast of the organization, daily oil production will be 690 thousand barrels in the country this year. It is 30 thousand barrels less than the previous forecast (May).

Source: Azeri-Press News Agency