BAKU, Azerbaijan, January 11. The US Energy Information Administration (EIA) expects that petroleum and other liquids production in Azerbaijan will stand at 0.65 million barrels per day (mb/d) in 2023, as compared to 0.64 mb/d in the previous forecast, Trend reports via EIA.
The quarterly production will stand at 0.67 million barrels per day in Q1, 0.65 million barrels per day in Q2, 0.64 million barrels per day in Q3 and 0.65 million barrels per day in Q4.
Azerbaijan is expected to produce 0.66 million barrels per day in 2024.
The quarterly production will stand at 0.66 million barrels per day in the first three quarters, before rising to 0.67 million barrels per day in Q4.
EIA estimates that Azerbaijan’s petroleum and other liquids production stood at 0.67 million barrels per day in 2022.
The country produced 0.70 million barrels per day, 0.67 million barrels per day, 0.65 million barrels and 0.67 million barrels per day in the first, second, third and fourth quarters of 2022, respectively, according to EIA.
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