BAKU, Azerbaijan, March 9. Azerbaijan is expected to produce 0.65 million barrels per day in 2023, Trend reports with reference to the US Energy Information Administration.
As such, the forecasts for oil output in the country have remained unchanged from the previous report.
EIA has revised down the forecasts for Azerbaijan’s oil production from 0.66 million barrels per day in February report to 0.65 million barrels per day in March report.
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.