BAKU, Azerbaijan, Sept.13
By Leman Zeynalova - Trend:
In 2021, Azerbaijan’s liquids supply is expected to show growth of 0.02 million barrels per day (mb/d) for the year to average 0.75 mb/d, Trend reports with reference to OPEC.
Liquids supply is forecast to grow by 0.07 mb/d to average 0.82 mb/d in 2022, said the cartel
“Azerbaijan’s liquids production in July was flat to average 0.73 mb/d month-on-month, up by 0.04 mb/d year-on-year. While crude production averaged 608,000 b/d, natural gas liquids (NGLs) production was also steady at an average of 122,000 b/d,” reads the latest OPEC report.
At the 20th OPEC and non-OPEC Ministerial Meeting (ONOMM), held Sept.1 2021, the sides reconfirmed the production adjustment plan and the monthly production adjustment mechanism approved at the 19th ONOMM and the decision to adjust upward the monthly overall production by 0.4 mb/d for the month of October 2021.
The daily oil production (including condensate) in Azerbaijan in August 2021 amounted to 711,600 barrels, according to the Ministry of Energy.
The daily oil production (including condensate) over the same period in 2020 in Azerbaijan reached 669,100 barrels, of which 584,600 barrels were crude oil, and 84,500 barrels was condensate.
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