Bank Of Baku

EIA reveals its outlook on daily oil production in Azerbaijan for next year

EIA reveals its outlook on daily oil production in Azerbaijan for next year
# 14 January 2025 23:28 (UTC +04:00)

Energy Information Administration (EIA) under the US Department of Energy has updated its forecast for average daily oil and other liquid hydrocarbon production in Azerbaijan for 2024-2025, APA-Economics reports citing the EIA's monthly report.

Daily oil and other liquid hydrocarbon production in Azerbaijan in 2024 amounted to 600 thousand barrels (the forecast has not changed).

According to EIA's outlook, in 2025, average daily oil production in the country will be at the level of 630 thousand barrels (the forecast has not changed).

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