Azerbaijan Oil Output to Hit 520,000 Barrels Per Day in 2027

The US Energy Information Administration (EIA) has released its forecast for Azerbaijan's oil production in 2027. According to the EIA, the country is expected to produce an average of 520,000 barrels per day next year, which remains unchanged from the previous month's forecast.

The agency also predicted that Azerbaijan will maintain a steady output throughout the year, with daily production averaging 530,000 barrels in the first quarter, 520,000 barrels in the second and third quarters, and 510,000 barrels in the fourth quarter of 2027.