Production of liquid hydrocarbon to hit 1mln barrel per day in Azerbaijan next year: EIA

According to EIA, the production of liquid hydrocarbon will make up 1 million barrel in 2015, 2020, 2025 and 2030.

The production of liquid hydrocarbon in non OPEC countries will touch 34.2 million barrels per day in 2030.

The total volume of liquid hydrocarbon will reach 93.1 million barrel per day in 2030.

The production of liquid hydrocarbon in Azerbaijan on the background of high oil prices will be 0.9 million barrel and 1.3 million on the background of low prices.

Azerbaijan's proved oil reserves totaled 7 billion barrels in Jan. 1, 2009.

The global proved oil reserves are 1.342 billion barrel as for early 2009, which by 10 billion more compared to 2008. A total of 56 percent of world proved oil reserves account for the Middle East.

Kazakhstan's proved oil reserves are 30 billion barrels, Iran's - 136.2 billion and Iraq's -115 billion barrels.

/Trend Capital/