The average daily oil production in Azerbaijan is expected at 660,000 barrels in 2024, Report informs, citing the Short-Term Energy Outlook of the Energy Information Administration (EIA) under the US Department of Energy.
Next year's forecast is 10,000 barrels or 1.54% more than this year's daily oil forecast.
In the first quarter of 2024, the average daily oil production in Azerbaijan is expected to be 660,000 barrels. This forecast is 10,000 barrels, or 1.49% less than the daily oil production in the first quarter of 2023.
In the second quarter of 2024, daily oil production in Azerbaijan is expected to be 660,000 barrels. It is 10,000 barrels or 1.54% more than the daily oil production in the second quarter of 2023.
The agency believes that in the third quarter of 2024, the average daily oil production forecast in Azerbaijan will be 660,000 barrels. This forecast is 20,000 barrels, or 3.12% more than the indicators of daily oil production in the third quarter of 2023.
In the last quarter of 2023, the average daily oil production forecast in Azerbaijan is expected at 670,000 barrels. This is 20,000 barrels, or 3.08% more than the daily oil production forecasts for the fourth quarter of 2023.