Oil Production
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In March 2024, oil production in Azerbaijan amounted to 481 thousand b/d against the February figure of 476 thousand b/d, the message of the Ministry of Energy of Azerbaijan. According to the ministry...
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Operational data published by the Ministry of Energy gives an ambiguous picture of oil production in Azerbaijan in the first two months of 2024. While the country's oil production, including condensat...
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Oil production in Russia now stands at about 9.5 million barrels per day, obligations under OPEC+ are being fulfilled, Russian Deputy Prime Minister Alexander Novak told reporters. "Production is abou...
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The significant downturn in oil production within Azerbaijan is sending ripples of concern not only through the government corridors but also among the key players in the oil industry. This decline ha...
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The government of Azerbaijan predicts oil production in the country in 2027 at the level of 26 million 899.2 thousand tons, by 8.8% lower than the forecast for 2024.
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In 2023, oil and condensate production in Azerbaijan amounted to 30.2 million tons, a decrease by 2.47 million tons (more than 18 million barrels) or 7.4% compared to 2022, the operational data of t...
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Official statistics released by the Ministry of Energy of Azerbaijan for the year 2023 confirm a notable annual decrease in the country's oil production. The report reveals that Azerbaijan produced 30...