The U.S. Energy Information Administration expects Azerbaijan's average daily oil production to reach 520,000 barrels in 2027.
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The U.S. Energy Information Administration (EIA) forecasts Azerbaijan's average daily oil production at 520,000 barrels in 2027, according to the August edition of its Short-Term Energy Outlook.
The forecast for 2027 is unchanged from July. Production is expected to average 530,000 bpd in the first quarter of next year, 520,000 bpd in the second and third quarters, and 510,000 bpd in the fourth quarter.
EIA publishes oil production forecast for Azerbaijan for 2027
The EIA published its oil production forecast for Azerbaijan for 2027.
Production is expected to gradually decline during 2027.
An international energy company and operator of major oil and gas projects in Azerbaijan.