ECONOMY


EIA announces its forecast for oil production in Azerbaijan for 2024

EIA announces its forecast for oil production in Azerbaijan for 2024

Baku, January 11, AZERTAC

The U.S. Energy Information Administration (EIA) has announced its forecast for the average daily production of petroleum and other liquids in Azerbaijan for 2024.

In 2024, Azerbaijan’s petroleum and other liquids production is expected to be 660,000 barrels per day.

According to the forecast, the petroleum and other liquids production in Azerbaijan this year will account for 650,000 barrels per day, which is 10,000 barrels more than in the previous forecast.

Last year, Azerbaijan’s liquids production amounted to 670,000 barrels per day, which is equal to the previous forecast.

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

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