Azerbaijan Oil & Gas Report Q3 2013 - New Study Released
Azerbaijan's oil industry remains hampered by problematic output at the ACG fields, which accounts for the majority of production. Although there is some upside from planned and potential new projects, we continue to forecast a peak in output in 2020, following which a slow downward trend for oil production will take hold. However, we maintain our bullish view on gas production volumes, which we predict will rise to 17.6bcm in 2013 and continue to rise throughout our 10-year forecast period,...
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