“Oil production in the Caspian region turned to be lower than US state-run Energy Information Agency (EIA) had forecasted,” head of EIA Guy Caruso said to American The Hill newspaper.

«There have been big disappointments in a lot of places. We thought there would be more produced out of Russia than is produced now,” he said.

According to Caruso, EIA’s false forecasts resulted from different factors - “there have been a number of delays to projects.”

The USA is satisfied with the process of Azerbaijan’s entrance to the WTO and in future, America will support Azerbaijan in all regards, the U.S. Ambassador to Azerbaijan, Anne E. Derse, said during the meeting with Azerbaijan’s Minister of Economic Development, Heydar Babayev, on 23 June.

“Azerbaijan is a country with large economic potential and human resources. Country’s entrance to the WTO will help development of non-oil sector of Country,” Derse said.

“As soon as the political situation will allow that, gas exports from Iran to Europe will take place,” Reinhard Mitschek, Managing Director of Nabucco Gas Pipeline International, said to Hungary’s BBJ newsaper.

“So we expect gas from Azerbaijan, from Turkmenistan, from Kazakhstan, from Iran, from Iraq, from Egypt, from Russia. And therefore we are not fully dependent on one of these sources because we expect a whole portfolio of gas-supply sources. That’s very attractive for the gas buyers in Europe,” Mitschek said.