According to MOMR Azerbaijan’s oil supply is anticipated to average 0.87 mb/d, unchanged from the previous MOMR, indicating minor growth of 10 tb/d in 2016. Azeri crude oil output in August decreased by 30 tb/d to average 0.86 mb/d. Nevertheless, total oil production (crude plus NGLs) was pegged at 0.87 mb/d in 1H16, the same as 1H15, but higher by 20 tb/d than 2H15.
Azerbaijan to increase oil output - OPEC
12 October 2016
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In 2016, Kazakhstan and other CIS countries will reduce oil production while Azerbaijan and Russia increase the ouput in 2016, AzVision.az reports citing to OPEC Monthly Oil Market Report (MOMR).
