Oil Production in Azerbaijan in 2023 will Amount to 30.5 Million Tons
Oil production with condensate in Azerbaijan in 2023 compared to 2022 will decrease by 6.7% – to 30.5 million tons.
This assessment is indicated in the conclusion of the Accounting Chamber on the draft state budget for 2024, which is available to the Interfax-Azerbaijan agency.
In 2024, as the Chamber notes, the volume of oil production in the country will decrease by 1 million tons or 3.2% compared to 2023, and will amount to 29.5 million tons.
In 2022, oil production with gas condensate in Azerbaijan amounted to 32 million 667.7 thousand tons (a decline of 5.5%).
