BAKU, Azerbaijan, March 2. Azerbaijan’s oil
production is projected to reach 0.63 million barrels per day
(mb/d) in 2025, the International Energy Agency (IEA) told Trend.
As such, the IEA has maintained its production forecast from the
previous assessment.
According to the agency’s data, production is expected to start
at 0.61 mb/d in the first quarter of 2025, with a slight increase
to 0.62 mb/d in the second quarter, 0.64 mb/d in the third and
reaching 0.65 mb/d by the fourth quarter.
In 2024, Azerbaijan’s oil production averaged 0.6 mb/d,
according to the IEA’s figures.
Meanwhile, Azerbaijan’s Energy Ministry reported that total
oil-condensate production in January reached 2.3 million tons, with
exports amounting to 2 million tons. Additionally, gas production
for the month was 3.9 billion cubic meters (bcm), of which 2 bcm
was exported.
Last year, Azerbaijan’s total oil-condensate production was 29.1
million tons.
