11:22 - 12.08.2024

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August 12, Fineko/abc.az. "Increased oil production at BP’s Azeri-Chirag-Gunashli field will boost exports and replenish government coffers against strong energy prices," it was stated in the report of Fitch Solutions (FS) company belonging to Fitch Group, APA-Economics reports.

"Tensions in the Middle East have placed upward pressure on crude prices at the same time as demand for natural gas remains strong. As a major hydrocarbon producer and exporter, these dynamics will positively affect the Azerbaijani economy. Our Oil and Gas team forecast Brent Crude to average USD85/bbl in 2024 and USD82/bbl in 2025," noted in the report.