Oil Production, Revenues in Azerbaijan Decline
According to ASTNA, by the end of 2020, the total oil production together with condensate will barely reach 34 million tons against 37.45 million tons in 2019, that is, the decline may exceed 10%.According to the optimistic forecasts of the government, 34.73 million tons of oil can be extracted in the country in 2021, but the Accounts Chamber of Azerbaijan doubts that this figure will be achieved. This year expects a decrease in oil production at...
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- Economics
- 7 January 2021 13:59
Analytics
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In a significant diplomatic move, President Kassym-Jomart Tokayev of Kazakhstan embarked on an official visit to Armenia, marking a pivotal moment in the relationship between the two nations. The meeting between President Tokayev and Armenian Prime Minister Nikol Pashinyan resulted in the signing of a joint statement aimed at fostering cooperation and easing tensions that had simmered between the two countries.
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