Posted by Administrator on September 14, 2012 · Leave a Comment
OPEC keeps Azerbaijan’s oil output forecast unchanged
OPEC kept its forecast on Azerbaijani oil production unchanged at 0.96 million barrels per day (bpd) for 2012 and 2013. “Azerbaijan oil production is predicted to remain steady in 2012 and average 0.96 million bpd, flat compared to the previous month,” OPEC’s September oil market report says.
According to OPEC forecasts, the country’s oil production will amount... Read More
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Posted by Administrator on March 1, 2012 · 1 Comment
CESD Oil Strategy Receives Official Support
Government of Azerbaijan started balancing oil outputs over years
Azerbaijan must keep oil output at the current level, Minister of Industry and Energy Natig Aliyev said at the CEIBS meeting. To him, Azerbaijan should not increase oil production in the upcoming period: “The country has reached the goal on development of oil industry, which was set in 1994. Increase of output may have some sedition.... Read More
Filed under News · Tagged with Azerbaijani oil production, CESD Oil Strategy, distribution of oil revenues in Azerbaijan, Government of Azerbaijan, investing of oil revenues in Azerbaijan, Management of Oil Revenues in Azerbaijan, non-oil sector, oil balance in Azerbaijan, oil export of Azerbaijan, oil import, oil industry in Azerbaijan, oil output in Azerbaijan, oil production, oil production decreases in Azerbaijan, oil production in Azerbaijan, oil reserves of Azerbaijan, oil revenues of Azerbaijani budget, oil revenues of state budget in Azerbaijan, reliance on oil revenues of Azerbaijan
