BAKU, Azerbaijan, December 17. The International Energy Agency (IEA) expects Azerbaijan’s oil production to stand at 0.67 million barrels per day in 2022, remaining unchanged compared to the previous report, Trend reports citing the agency.
The agency estimates the country’s oil output at 0.70 million barrels per day in Q1, 0.67 million barrels per day and 0.66 million barrels per day in Q2 and Q3, respectively. The forecasts for Q4 stand at 0.67 million barrels per day.
Azerbaijan is expected to produce 0.67 million barrels per day in 2023, which is also the same as in the last month forecast. The agency forecasts Q1 and Q2 2023 output at 0.68 million barrels per day and 0.67 million barrels per day.