U.S forecasts five scenarios for Azerbaijan's oil production

The U.S. Energy Information Administration (EIA) repored that in 2015, 2020, 2025 and 2030 hydrocarbon production in the country will be 1 million barrels per day.

In the case of high world oil prices, the EIA predicted Azerbaijan's hydrocarbon production would hit 0.9 million barrels per day in 2020, 2025 and 2030.

In the event of low oil prices, the EIA predicted Azerbaijan's hydrocarbon production to hit 1.2 million barrels per day in 2025, and 1.3 million in 2030.

In 2010, 2015 and 2020, the country's production levels will be 1.1 million barrels per day.

In high economic growth, the EIA predicts liquid hydrocarbon production in Azerbaijan to hit 1.1 million barrels per day in 2010, 2015, 2020, 2025 and 2030.

In the event of a low economic liquid hydrocarbon growth rate, production will reach 1.1 million barrels per day in 2010, 1 million in 2015 and 0.9 million in 2020, 2025 and 2030.

Azerbaijan produces Azeri Light oil.

The Baku-Tbilisi-Ceyhan pipeline exports Azeri Light to the Turkish port of Ceyhan via. The Baku-Supsa pipeline also exports this light crude oil.

Azeri Light is extracted from the field Azeri-Chirag-Guneshli operated by BP. The oil is also extracted by the State Oil Company of the Azerbaijan Republic at its own expense from onshore and offshore fields. Azerbaijan has 57 oil fields; 18 are offshore.

According to the EIA forecast, crude oil and condensate production in the Caspian region in 2010 will hit 2.9 million barrels per day, 3.8 million in 2015, 4.1 million in 2020, 4.3 million in 2025, 4and .6 million in 2030.

/Trend Capital/