The U.S. Energy Information Administration (EIA) has not changed its forecast for daily oil production in Azerbaijan for 2026.
elchi reports that this was stated in the EIA’s October “Short-Term Energy Outlook” report.
According to the EIA’s updated data, oil production in Azerbaijan will reach 550,000 barrels per day this year. Last month, this figure was also 550,000 barrels.
Oil production is expected to be 550,000 barrels per day in the third and fourth quarters of this year. Last month, the forecast for these quarters was 540,000 barrels.
It is recalled that oil production in the first and second quarters of 2025 will be 570,000 barrels per day, in the third quarter 580,000 barrels per day, and in the fourth quarter 590,000 barrels per day.
According to EIA data, production of liquid hydrocarbons in Azerbaijan in 2025 will be at the level of 570,000 barrels per day.