Azerbaijan to increase oil and condensate export in upcoming years

Azerbaijan to increase oil and condensate export in upcoming years
# 13 January 2023 16:00 (UTC +04:00)

Fitch international rating agency announced the forecast of average daily export of liquid hydrocarbons (oil and gas condensate - ed.) from Azerbaijan until 2032, APA-Economics reports citing the Agency.

During the next few years, the export of liquid hydrocarbons in Azerbaijan will increase, then it will gradually decrease.

Thus, taking into account the interval between 2020 and 2031, the highest indicator of export of liquid hydrocarbons - 616.1 thousand barrels, will be recorded in 2025.

According to the forecast, the lowest indicator over liquid hydrocarbons- 568,4 thousand barrels is expected to be recorded in 2031.

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