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In 2023, oil and gas condensate production in Azerbaijan amounted to 30 million 189.6 thousand tons, by 7.5% lower than in 2022. Last year the volume of production of commercial oil with condensate am...

The export of declared oil from Azerbaijan in 2023 amounted to 26 million 47 thousand 289.51 tons, by 0.08% lower than in 2022. The value of oil exported for the reporting year amounted to $16 billion...

The global oil supply in 2023 increased by 1.9 million barrels per day to 102 million b/d, the country. Supplies from OPEC+ countries decreased by 390 thousand b/d, while Saudi Arabia's production...