BAKU, Azerbaijan, February 6. Azerbaijan's oil output is projected to stand at 0.64 mb/d per day in 2025, Trend reports.
Thus, the forecast provided by the US Energy Information Administration (EIA) has been revised downwards by 0.01 mb/d, compared to the previous month's estimations.
As such, the country's output is expected to grow by 0.04 mb/d from the estimated 0.60 mb/d to be produced in 2024.
In particular, Azerbaijan's oil production will be at 0.62 mb/d in the first quarter of 2025, with a subsequent increase to 0.63 mb/d in the second quarter. The EIA anticipates further growth to 0.65 mb/d both in the third and the fourth quarter of the next year.
In 2024, the EIA predicts that Azerbaijan will reach 0.60 mb/d in the first quarter, stabilizing around 0.61 mb/d in the fourth quarter.
The EIA stated that Azerbaijan produced 0.62 mb/d of crude in 2023 - down by 0.05 mb/d year-on-year.
Meanwhile, according to the operational data provided by the Ministry of Energy of Azerbaijan, from January through February 2024, the country's oil-condensate production stood at 4.8 million tons, while exports totaled 3.9 million tons.