Industry and Energy

Home page

Industry and Energy

US updates its forecast on Azerbaijan's oil production

12 April 2023 09:15 (UTC +04:00)

The U.S. Energy Information Administration (EIA) has not made any changes on its forecast for the average daily production of petroleum and other liquids in Azerbaijan for 2024, APA-Economics reports citing monthly review of EIA.

In 2024, Azerbaijan’s petroleum and other liquids production is expected to be 650,000 barrels per day,which is equal to the forecast indicator given before.

According to the forecast, the petroleum and other liquids production in Azerbaijan this year will account for 650,000 barrels per day (forecast unchanged).

Note that last year, Azerbaijan’s liquids production amounted to 670,000 barrels per day.

In 2021, Azerbaijan’s petroleum and other liquids production was an estimated 720,000 barrels per day.