EIA maintains Azerbaijan's 2025 oil production forecast

The Energy Information Administration (EIA) of the US Department of Energy has maintained its forecast for Azerbaijan's daily oil production in 2025, keeping it unchanged from previous projections, Report informs.

According to the EIA's March Short-term Energy Outlook, Azerbaijan is expected to produce 630,000 barrels of oil per day this year, consistent with the February forecast of 630,000 barrels per day.

In the first quarter of 2025, oil production is projected to be 600,000 barrels per day, a slight decrease from the February forecast of 610,000 barrels per day. The second quarter is expected to see production rise to 630,000 barrels per day, matching the February forecast.

In the third and fourth quarters of 2025, the country’s oil production is anticipated to reach 640,000 barrels per day, consistent with the February forecast.

For comparison, in 2024, Azerbaijan's oil production was 600,000 barrels per day in the first quarter, 590,000 barrels per day in the second and third quarters, and returned to 600,000 barrels per day in the fourth quarter.

Throughout 2024, the production of liquid hydrocarbons remained at approximately 600,000 barrels per day, as per EIA data.