OPEC: Azerbaijan to cut oil production

  17 March 2015    Read: 877
OPEC: Azerbaijan to cut oil production
All post-Soviet countries will reduce production.
Russia will cut oil production by 60,000 barrels a day compared to 2014-to 10.51m b/dm, OPEC`s March report says.

OPEC believes oil production will reach its minimum by the yearend, but in the first quarter the volumes of production will exceed the average annual indicator of 2014.

Azerbaijan will cut its oil output by 40,000 barrels daily, OPEC believes.

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