United States increases its forecast for oil production in Azerbaijan for next year

Economy 11:33 10.07.2024

Energy Information Administration (EIA) under the US Department of Energy revealed the average daily production of oil and other liquid hydrocarbons in Azerbaijan for 2024-2025, Ednews reports.

According to 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 equal to the indicator of previous forecast.

In addition, according to EIA, next year, the average daily oil production in the country will be at the level of 660,000 barrels (previous forecast – 650,000 barrels).

 
It is noted that the daily production of oil and other liquid hydrocarbons in Azerbaijan was 620,000 barrels last year.

It should be added that 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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