OPEC re-evaluated Azerbaijan’s oil reserves

OPEC re-evaluated Azerbaijan’s oil reserves
The Organization of Petroleum Exporting Countries (OPEC) didn’t change its estimation of the confirmed oil reserves in Azerbaijan, APA-Economics reports.

It was noted in OPEC’s annual statistical bulletin that as of the end of 2019, Azerbaijan’s confirmed oil reserves made up 7 bln. barrels which equal the indicator for 2018.

According to the report, as of the end of 2019, the confirmed global oil reserves made up 1,550.7 bln. barrels (Azerbaijan’s share – 0.45%).

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