BAKU, Azerbaijan, March 9
By Leman Zeynalova - Trend:
The US Energy Information Administration (EIA) expects that petroleum and other liquids production in Azerbaijan will stand at 0.73 million barrels per day (mb/d) in 2022, as compared to 0.74 mb/d in the previous forecast, Trend reports.
EIA estimates that Azerbaijan will produce 0.73 mb/d in Q1, Q3 and Q4 of 2022 and 0.74 mb/d in Q2.
Azerbaijan is expected to produce 0.70 million barrels per day in 2023, as compared to 0.71 million barrels per day in the previous forecast. The quarterly production will stand at 0.71 million barrels per day in Q1, 0.70 million barrels per day in Q2, 0.69 million barrels per day in Q3 and 0.71 million barrels per day in Q4.
Azerbaijan’s petroleum and other liquids production stood at 0.72 million barrels per day in 2021.
The country produced 0.75 million barrels per day, 0.70 million barrels per day, 0.71 million barrels and 0.71 million barrels per day in the first, second, third and fourth quarters of 2021, respectively, according to EIA.
The Azeri-Chirag-Gunashli block of offshore fields is giving the major part of the oil produced in Azerbaijan. The Azerbaijani Light oil is produced at that block.
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