"Fitch Ratings" 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 with reference to the Agency that in the next few years (2023-2025), the export of liquid hydrocarbons in Azerbaijan will increase, and then it will gradually decrease.
Thus, if we take the interval between 2020-2031, the highest indicator for the export of liquid hydrocarbons - 616.1 thousand barrels, will be recorded in 2025.
According to the forecast, the lowest indicator for the export of liquid hydrocarbons - 568.4 thousand barrels - is expected to be recorded in 2031.
Indicators covering the years 2020-2031 on the export of liquid hydrocarbons from Azerbaijan:
Export of liquid hydrocarbons in Azerbaijan - 2020-2025 | ||||||
Indicators | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
Exports, thousand barrels/day | 616 | 606.1 | 574.1 | 594.4 | 614.3 | 616.1 |
Comparison with last year, in % | -8 | -1.6 | -5.3 | 3.5 | 3,4 | 0.3 |
Export of liquid hydrocarbons in Azerbaijan - 2026-2031 | ||||||
Indicators | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 |
Exports, thousand barrels/day | 600 | 591.5 | 585.8 | 580.1 | 574.6 | 568.4 |
Comparison with last year, in % | -2.6 | -1.4 | -1 | -1 | -0.9 | -1.1 |