Oil Production

From January to October of this year, Azerbaijan produced 24.1478 million tons of oil (including gas condensate), which is a 3.7% decrease compared to the same period last year, the monthly report of...

Azerbaijan's average daily oil production in October was 482,000 barrels, OPEC's monthly report. According to the cartel, Azerbaijan's daily oil production in October decreased by 7,000 barrels per da...

In recent years, oil production in Azerbaijan, as part of projects implemented by foreign oil companies, has been declining year after year, which has naturally negatively impacted our overall economi...

The US Energy Information Administration (EIA) has lowered its forecast for oil production in Azerbaijan for 2024 by 10,000 barrels per day, the September issue of the Short-Term Energy Outlook by the...

In January-August 2024, oil and condensate production in Azerbaijan  totaled 19.3 million tons, a 4.9% decrease compared to the same period last year. According to the operational data from the Minist...

Kazakhstan aims to boost its oil production to 104.8 million tons by 2029, announced National Economy Minister Nurlan Baibazarov at a government meeting yesterday. "The volume of oil production will i...

Iran must maximize crude oil production, considering that its fossil fuel reserves will be limited in the next 20 years, Mohsen Paknejad, the nominee for the post of Minister of Oil of Iran, said in p...

From January to July 2024, Azerbaijan produced 16,950.1 thousand tons of crude oil, including gas condensate. Of this, 16,913.8 thousand tons were classified as commercial crude oil, the monthly repor...