Bank Of Baku

US announces its forecast for production of liquid hydrocarbons in Azerbaijan for this year

US announces its forecast for production of liquid hydrocarbons in Azerbaijan for this year
# 07 July 2026 21:10 (UTC +04:00)

The Energy Information Administration (EIA) under the US Department of Energy has updated its forecast for the average daily production of oil and other liquid hydrocarbons in Azerbaijan for 2026-2027, according to the information provided by "APA-Economics" citing the monthly report of the EIA.

The average daily production of oil and other liquid hydrocarbons in the country in 2027 will be at the level of 520 thousand barrels (the forecast has not changed).

According to the EIA's assumption, the daily production of oil and other liquid hydrocarbons in the country in 2026 will be 550 thousand barrels (the forecast has not changed).

According to the report, the indicated indicator in Azerbaijan was 570 thousand barrels in 2025. In 2024, the daily production of oil and other liquid hydrocarbons in Azerbaijan was 600 thousand barrels.

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