Azerbaijan is expected to produce 26.5621 million tonnes of oil in 2027, representing a 3.6% decrease compared with the forecast for 2026.
Oil production is projected to decline further to 26.0692 million tonnes in 2028, 1.9% below the 2027 forecast. Production is then expected to rise to 26.6332 million tonnes in 2029 before falling to 26.3091 million tonnes in 2030.
In January-September 2026, Azerbaijan produced 19.8601 million tonnes of crude oil, including gas condensate. Of this total, 19.8098 million tonnes accounted for marketable crude oil. Both total oil production and marketable crude output decreased by 3.9% compared with the same period in 2025.
For 2026, Azerbaijan’s oil production is forecast at 27.6 million tonnes, 3.2% lower than the 2025 forecast. In 2024, the country produced 29.1 million tonnes of oil, down 3.6% from 2023.
https://report.az/energetika/azerbaycanda-neft-hasilatinin-2027-2030-cu-iller-uzre-proqnozlari-mueyyenlesib