EIA keeps Azerbaijan oil production forecast for 2025

The US Energy Information Administration (EIA) forecasts Azerbaijan's average daily oil and condensate production in 2025 at 630,000 barrels, which corresponds to January's figure, Report informs referring to EIA.

According to the administration, in the first quarter of 2025, oil and condensate production in the country is forecast at 610,000 b/d, in the second quarter - 630,000 b/d, and in the third and fourth quarters - 640,000 b/d each.

Compared to January's figure, an increase of 10,000 b/d is noted in the forecast for the second quarter of the current year.

As previously reported, liquid hydrocarbon production in the country amounted to 600,000 b/d in 2024.