BAKU, Azerbaijan, March 15. The International Energy Agency (IEA) expects Azerbaijan’s oil production to stand at 0.67 million barrels per day in 2023, remaining unchanged from 2022, Trend reports via the IEA.
The quarterly oil output in the country is forecast as follows: 0.65 mb/d in Q1, 0.66 mb/d in Q2 and 0.67 mb/d in Q3. No data is available for Q4.
As of the end of 2022, oil production in Azerbaijan amounted to 32.6 million tons (together with condensate). Exports accounted for over 26 million tons of oil, which is 4 percent, or about 1.09 million tons less than in 2021.
A total of 33.4 million tons of oil is planned to be produced in Azerbaijan this year.
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