EIA leaves Azerbaijan's 2026 oil and condensate production forecast unchanged

The Energy Information Administration of the US Department of Energy (EIA) has kept its forecast for liquid hydrocarbon production in Azerbaijan for 2026 unchanged, Report informs referring to EIA data.

According to the June forecast, EIA forecasts liquid hydrocarbon production in Azerbaijan in 2026 at 540,000 bpd, which corresponds to the June forecast.

At the same time, in the first quarter, production will amount to 550,000 bpd (July forecast - 550,000 bpd), in the second quarter - 540,000 bpd (540,000 bpd), in the third and fourth quarters - 530,000 bpd each (530,000 bpd each).

In 2024, liquid hydrocarbon production in the country amounted to 600,000 bpd. In the first quarter, it was at the level of 600,000 bpd, in the second and third quarters - 590,000 bpd, in the fourth quarter - 600,000 bpd.