BAKU, Azerbaijan, July 19
By Leman Zeynalova - Trend:
Azerbaijan’s liquids consumption stood at 92,000 barrels per day in 2020, as compared to 104,000 barrels per day in 2019, or 11.7 percent drop year-on-year, Trend reports with reference to bp’s Statistical Review of World Energy.
Liquids consumption in Azerbaijan has changed as follows from 2010 to 2018: 72,000 barrels per day in 2010, 89,000 barrels per day in 2011, 92,000 barrels per day in 2012, 101,000 barrels per day in 2013, 99,000 barrels per day in 2014, 100,000 barrels per day in 2015, 98,000 barrels per day in 2016, 99,000 barrels per day in 2017 and 104,000 barrels per day in 2018.
The country’s daily liquids consumption has increased by 3.7 percent from 2009 to 2019.
Azerbaijan’s oil production stood at 716,000 barrels per day in 2020, as compared to 775,000 barrels per day in 2019, or 7.6 percent down year-on-year. The country’s daily oil output has dropped by 2.8 percent from 2009 to 2019. Crude oil and condensate production in Azerbaijan totaled 702,000 barrels per day in 2020, as compared to 762,000 barrels per day in 2019, down by 7.8 percent year-on-year. The country saw a 2.8 percent decline in crude oil and condensate production from 2009 to 2019.
Azerbaijan’s total proved oil reserves stood at 7 billion barrels or 1 billion tons at the end of 2020. bp estimates that Azerbaijan accounts for 0.4 percent of the world’s total proved oil reserves.
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