US increases its forecast for Azerbaijan’s oil production

The Energy Information Administration (EIA) under the US Department of Energy has published a forecast on average daily production of oil and other liquid hydrocarbons in Azerbaijan for 2024-2025.

Daily production of oil and other liquid hydrocarbons in Azerbaijan this year is likely to be 610,000 barrels, which is 10,000 barrels more than the previous forecast, APA reports with reference to the monthly EIA report.

According to the EIA forecast, next year, the average daily oil production in the country will be at the level of 650,000 barrels (previous forecast – 640,000 barrels).

Last year, the daily production of oil and other liquid hydrocarbons in Azerbaijan was 620,000 barrels.