BAKU, Azerbaijan, July 12. Azerbaijan is expected to produce 0.64 million barrels of oil per day in 2023, Trend reports with reference to the US Energy Information Administration (EIA).
These projections remain unchanged compared to the previous report.
The EIA has also maintained its forecast for oil production in Azerbaijan in 2024, with an expected output of 0.65 million barrels per day.
By end of 2022, oil production in Azerbaijan reached 32.6 million metric tons (including condensate). Oil exports amounted to over 26 million metric tons, which is 4 percent, or approximately 1.09 million metric tons, less than in 2021.
Overall, the plan for this year is to extract 33.4 million metric tons of oil in Azerbaijan.
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