Rate of decline in oil production in Azerbaijan revealed-FORECAST

Rate of decline in oil production in Azerbaijan revealed-FORECAST
# 17 June 2025 13:51 (UTC +04:00)

The International Energy Agency (IEA) has revealed its forecast for average daily crude oil production in Azerbaijan for 2030, APA-Economics reports, citing the Agency's report "Oil 2025: Analysis and forecast to 2030".

According to the report, the figure in 2030 will be 420 thousand barrels (excluding condensate - ed.), which is 60 thousand barrels less than the figure in 2024.

The report notes that in 2024, daily crude oil production in Azerbaijan amounted to 480 thousand barrels.

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