BAKU, Azerbaijan, October 6. Azerbaijan's oil
and other liquid hydrocarbon production in 2027 is projected to
average 0.53 million barrels per day, compared with 0.52 million
barrels in the September forecast.


This was reported in the October forecast by the U.S. Energy
Information Administration (EIA). The forecast was raised from 0.52
million barrels per day in the September report.


According to the forecast, the figure will decline compared to
the estimated 2025 level of 0.58 million barrels per day.


In the first quarter of 2026, production averaged 0.56 million
barrels per day, and in the second quarter, 0.55 million barrels.
This figure is expected to remain at 0.55 million barrels in the
third and fourth quarters.


According to EIA forecasts, this trend will continue into 2027.
Specifically, production in the first quarter of that year is
projected to be 0.54 million barrels per day, 0.53 million barrels
in the second quarter, and 0.52 million barrels in both the third
and fourth quarters.


Meanwhile, the latest data from Azerbaijan’s State Statistics
Committee show that 17.692 million metric tons of crude oil
(including gas condensate) were produced in the country from
January through August of this year.







According to Trend’s estimates, this figure decreased by 698,800
metric tons, or 3.8%, compared to the same period last year.


During the reporting period, marketable crude oil accounted for
17.648 million metric tons of the total crude oil production, which
is 701,100 metric tons, or 3.8%, less than the figure for the same
period of the previous year.


According to the latest report from the State Customs Committee,
in the period from January through August 2026, Azerbaijan exported
14.678 million metric tons of crude oil and petroleum products
derived from bituminous rocks, worth $9.282 billion.


According to Trend’s calculations based on the agency’s data, this
figure increased by $886 million, or 10.6%, in value terms compared
to the same period last year, while it decreased by 1.247 million
metric tons, or 7.8%, in physical terms.