U.S. announces its forecast for Azerbaijan's production of liquid hydrocarbons in 2025

U.S. announces its forecast for Azerbaijan
# 10 January 2024 08:59 (UTC +04:00)

The Energy Information Administration (EIA) under the US Department of Energy has increased its forecast for the average daily production of oil and other liquid hydrocarbons in Azerbaijan for 2024, APA reports citing the monthly report of EIA.

The daily production of oil and other liquid hydrocarbons in Azerbaijan is expected to be 610 thousand barrels this year, which is 10 thousand barrels more than the previous forecast.

According to the forecast, the daily production of oil and other liquid hydrocarbons in Azerbaijan last year amounted to 620 thousand barrels (the forecast has not changed).

Moreover, the institution announced its forecast for oil production in Azerbaijan for 2025. Thus, according to EIA, the average daily oil production in the country next year will be at the level of 650,000 barrels.

According to the report, in 2022, the daily production of liquid hydrocarbons in the country was at the level of 670 thousand barrels. In 2021, the daily production of liquid hydrocarbons in the country was at the level of 720 thousand barrels.

It should be recalled that in 2019 and 2020, the mentioned indicator was at the level of 780 thousand and 700 thousand barrels, respectively.

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