"BMI View: Azerbaijan's oil industry remains hampered by problematic output at the ACG fields, whichaccounts for the majority of production. Although there is some upside from planned and potential newprojects, we continue to forecast a peak in output in 2020, following which a slow downward trend for oilproduction will take hold. However, we maintain our bullish view on gas production volumes, which wepredict will rise to 17.6bcm in 2013 and continue to rise throughout our 10-year forecast period, reaching33bcm in 2022. However, reports of weaker than expected interest in gas from Azerbaijan could delaydevelopment of the future offshore fields that whi...
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