- Oil Production refers to the total amount of crude oil extracted from underground reservoirs within a country during a given year, before any refining or processing takes place.
Azerbaijan Oil Production was 0.620 Million Barrels Daily in 2023, down 7.3% on 2022. The Oil Production dataset of Azerbaijan from 2015 to 2023 provides a comprehensive overview of the country's crude oil production, highlighting output trends, production levels, supply changes, industry performance, and annual market developments throughout the review period.
Azerbaijan Oil Production moved from 0.841 Million Barrels Daily in 2015 to 0.620 Million Barrels Daily in 2023 (−26.3%), an average of −3.7% a year. The series high was 0.841 Million Barrels Daily in 2015 and the low 0.620 Million Barrels Daily in 2023.
The gap between the series high (2015) and low (2023) is 0.221 Million Barrels Daily. The sharpest single-year move was −7.9% in 2020.
Among the 27 countries in this dataset, Azerbaijan ranks 20 for 2023, behind U.S. (19.36 Million Barrels Daily) and Saudi Arabia (11.39 Million Barrels Daily). It accounts for 0.6% of the global total in 2023.
Full series
Complete annual series with year-on-year change. Values are reported in Million Barrels Daily.
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| Year | Million Barrels Daily | Change vs prior year |
|---|---|---|
| 2023 Trough | 0.620 | −7.3% |
| 2022 | 0.669 | −5.5% |
| 2021 | 0.708 | +0.7% |
| 2020 | 0.703 | −7.9% |
| 2019 | 0.763 | −2.7% |
| 2018 | 0.784 | +0.3% |
| 2017 | 0.782 | −5.6% |
| 2016 | 0.828 | −1.5% |
| 2015Peak | 0.841 | — |
Regional context
Oil Production by country, 2023, Million Barrels Daily. Azerbaijan is highlighted.
Data definition
Oil Production — - Oil Production refers to the total amount of crude oil extracted from underground reservoirs within a country during a given year, before any refining or processing takes place. It is typically measured in thousand barrels per day (kb/d) and represents the output of crude petroleum from both conventional and unconventional sources. This indicator reflects a country’s upstream oil industry performance, resource availability, and role in global energy supply. It is widely used to assess production trends, energy security, and dependence on oil resources for economic development.
The data includes crude oil extracted from both onshore and offshore oil fields, covering production from conventional wells as well as unconventional sources such as tight oil and shale oil where applicable. It includes all crude oil produced at the wellhead before refining, processing, or blending. The indicator may also include lease condensate when reported as part of crude oil production in national energy statistics. Data is compiled from national energy agencies, oil companies, and standardized international energy databases, ensuring consistency in comparing production levels across countries and over time.
The data excludes refined petroleum products such as gasoline, diesel, jet fuel, kerosene, LPG, and other products derived from crude oil after refining. It does not include natural gas production, natural gas liquids (except where classified as condensate under crude oil reporting), biofuels, synthetic crude from coal-to-liquids or gas-to-liquids processes, or refinery gains. The indicator does not measure oil consumption, reserves, imports, exports, or refining capacity. Minor variations may arise due to differences in national reporting standards, classification of condensates, and estimation methodologies used across countries.
Oil Production — - Oil Production refers to the total amount of crude oil extracted from underground reservoirs within a country during a given year, before any refining or processing takes place. It is typically measured in thousand barrels per day (kb/d) and represents the output of crude petroleum from both conventional and unconventional sources. This indicator reflects a country’s upstream oil industry performance, resource availability, and role in global energy supply. It is widely used to assess production trends, energy security, and dependence on oil resources for economic development.
Measured in thousand barrels daily, the dataset reflects Azerbaijan's total crude oil production and serves as an important indicator of upstream activity, production capacity, resource utilization, and energy sector performance. The dataset enables analysis of production trends, supply dynamics, and long-term developments, providing valuable insights into the country's oil industry.
Azerbaijan's oil production declined from 841 thousand barrels daily in 2015 to 828 thousand in 2016 and 782 thousand in 2017. Output remained relatively stable at 784 thousand barrels daily in 2018 before decreasing to 763 thousand in 2019 and 703 thousand in 2020. Production recovered marginally to 708 thousand barrels daily in 2021 but declined again to 669 thousand in 2022 and 620 thousand barrels daily in 2023, the lowest level during the review period. The overall trend reflects gradual declines in output from mature producing fields despite continued upstream operations.
Overall, the dataset indicates a long-term decline in Azerbaijan's oil production between 2015 and 2023, with only limited short-term recovery following the 2020 downturn. The reduction in output highlights the challenges associated with sustaining production from mature oil assets while maintaining supply stability. The dataset serves as a valuable resource for monitoring oil production trends, evaluating supply conditions, supporting market analysis, forecasting future crude oil output, and enabling policymakers, researchers, investors, and industry stakeholders to develop effective energy strategies and long-term investment decisions.
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Definition- Oil Production refers to the total amount of crude oil extracted from underground reservoirs within a country during a given year, before any refining or processing takes place. It is typically measured in thousand barrels per day (kb/d) and represents the output of crude petroleum from both conventional and unconventional sources. This indicator reflects a country’s upstream oil industry performance, resource availability, and role in global energy supply. It is widely used to assess production trends, energy security, and dependence on oil resources for economic development.
Azerbaijan Oil Production was 0.620 Million Barrels Daily in 2023, down 7.3% on 2022.
Azerbaijan Oil Production moved from 0.841 Million Barrels Daily in 2015 to 0.620 Million Barrels Daily in 2023 (−26.3%), an average of −3.7% a year. The series high was 0.841 Million Barrels Daily in 2015 and the low 0.620 Million Barrels Daily in 2023.
The highest value was 0.841 Million Barrels Daily in 2015 and the lowest was 0.620 Million Barrels Daily in 2023.
Included: The data includes crude oil extracted from both onshore and offshore oil fields, covering production from conventional wells as well as unconventional sources such as tight oil and shale oil where applicable. It includes all crude oil produced at the wellhead before refining, processing, or blending. The indicator may also include lease condensate when reported as part of crude oil production in national energy statistics. Data is compiled from national energy agencies, oil companies, and standardized international energy databases, ensuring consistency in comparing production levels across countries and over time. Excluded: The data excludes refined petroleum products such as gasoline, diesel, jet fuel, kerosene, LPG, and other products derived from crude oil after refining. It does not include natural gas production, natural gas liquids (except where classified as condensate under crude oil reporting), biofuels, synthetic crude from coal-to-liquids or gas-to-liquids processes, or refinery gains. The indicator does not measure oil consumption, reserves, imports, exports, or refining capacity. Minor variations may arise due to differences in national reporting standards, classification of condensates, and estimation methodologies used across countries.
The series is sourced from energyinst.org (https://www.energyinst.org/__data/assets/pdf_file/0006/1542714/684_EI_Stat_Review_V16_DIGITAL.pdf). It covers 2015–2023 and is reported in Million Barrels Daily.
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