Fitch Solutions predicts Azerbaijan's economy will grow due to rising oil production and crude oil prices.

Fitch Solutions forecasts Azerbaijan's Azeri-Chirag-Gunashli oil production increase will boost the country's economy due to rising crude oil prices, driven by Middle East tensions & strong natural gas demand. Azerbaijan, a major hydrocarbon exporter, will benefit from Brent Crude averaging $85/bbl in 2024 and $82/bbl in 2025, according to Fitch Solutions' Oil and Gas team.

August 12, 2024
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