Azerbaijan's oil production rose in 2024 but faces projected declines starting in 2025.

Azerbaijan's oil and gas production saw growth in the first ten months of 2024, with oil output reaching 24.1 million tons and gas condensate contributing significantly. Despite this, a draft law projects a gradual decline in production between 2025 and 2028, affecting the country's economy. The state's oil refining output remained steady at 5.5 million tons from January to October 2024, similar to the previous year.

November 18, 2024
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