The company's current full-year 2022 metal production from existing Gedabek operations is forecast to be between 54,000 to 58,000 gold equivalent ounces.

Urals crude is exported by both pipeline and sea. Seaborne deliveries are via two other major routes -- Primorsk and Ust Luga on the Baltic Sea and Novorossiisk on the Black Sea.

Azerbaijan is now set to produce 675,000 bpd in March and 682,000 bpd in April.

Armenia's economy has expanded by 5.7 percent last year, backed by a rise in prices for commodities on world markets, growth in agriculture and robust tax collections figures.