Industry and Energy

Home page

Industry and Energy

IMF: Azerbaijanâ€™s average daily oil production will increase by 20% in 2009

22 October 2008 12:51 (UTC +04:00)

For 2008, IMF expects oil export rate in the country will be 900 000 barrels. In 2009, oil export is projected to continue at a increasing pace to 1.1 million barrels per day.
Azerbaijanâ€™s share in the total oil output in the region will be 3.4% in 2008 and 3.9% in 2009. The share in oil export will be 4.04% and 4.8% respectively in 2009.

REGIONAL ECONOMIC OUTLOOK: MIDDLE EAST AND CENTRAL ASIA:

Countries	Crude Oil Production (Millions of barrels per day)
Countries	2000-2004 (average)	2004	2005	2006	2007	2008 (proj.)	2009 (proj)
Azerbaijan	0.3	0.3	0.5	0.6	0.8	1.0	1.2
Algeria	1.0	1.3	1.4	1.4	1.4	1.4	1.4
Bahrain	0.2	0.2	0.2	0.2	0.2	0.2	0.2
Iran	3.6	3.9	4.0	4.1	4.1	4.2	4.3
Iraq	-	2.0	1.9	2.0	2.0	2.3	2.5
Kazakhstan	1.0	1.2	1.3	1.3	1.4	1.5	1.7
Kuwait	2.0	2.3	2.6	2.6	2.6	2.6	2.7
Libya	1.4	1.6	1.7	1.8	1.8	1.9	2.0
Oman	0.9	0.8	0.8	0.7	0.7	0.7	0.7
Qatar	0.7	0.7	0.8	0.8	0.8	0.9	0.9
Saudi Arabia	8.1	8.9	9.4	9.2	8.8	9.5	9.6
Syria	0.5	0.5	0.4	0.4	0.4	0.4	0.4
Turkmenistan	0.2	0.2	0.2	0.2	0.2	0.2	0.2
United Arab Emirates	2.2	2.3	2.4	2.6	2.7	2.8	2.8
Total	22.5	26.3	27.3	27.9	27.9	29.4	30.6

Countries	Crude Oil Exports (Millions of barrels per day)
Countries	2000-2004 (average)	2004	2005	2006	2007	2008 (proj.)	2009 (proj)
Azerbaijan	0.2	0.2	0.4	0.6	0.7	0.9	1.1
Algeria	0.5	0.9	1.0	0.9	0.9	0.9	0.9
Bahrain	0.2	0.2	0.1	0.1	0.1	0.1	0.1
Iran	2.3	2.3	2.7	2.4	2.5	2.5	2.6
Iraq	...	1.5	1.4	1.4	1.6	1.8	1.9
Kazakhstan	0.7	1.1	1.1	1.1	1.2	1.3	1.4
Kuwait	1.2	1.4	1.7	1.7	1.6	1.6	1.7
Libya	1.1	1.3	1.3	1.4	1.5	1.5	1.6
Oman	0.8	0.7	0.7	0.6	0.6	0.5	0.6
Qatar	0.7	0.7	0.7	0.7	0.8	0.8	0.8
Saudi Arabia	6.2	6.8	7.2	7.0	7.0	7.5	7.6
Syria	0.3	0.2	0.2	0.2	0.2	0.1	0.1
Turkmenistan	0	0	0	0	0	0	0
United Arab Emirates	2.0	2.2	2.2	2.4	2.5	2.6	2.6
Total	15.4	19.8	20.4	20.7	21.2	22.3	23.1