Crude Oil and Condensate Production — - Crude Oil and Condensate Production refers to the total volume of crude oil and lease condensate extracted from oil and gas reservoirs within a country during a given year. It is typically measured in thousand barrels per day (kb/d) and represents the production of unrefined liquid hydrocarbons before processing or refining. Crude oil is the naturally occurring liquid petroleum extracted from underground reservoirs, while condensate is a light hydrocarbon liquid that separates from natural gas when pressure and temperature decrease during production. This indicator provides insight into a country's upstream petroleum production capacity, resource availability, and contribution to global oil supply.
Measured in thousand barrels daily, the dataset reflects regional crude oil and condensate production, making it an important indicator of upstream energy activity, resource utilization, production capacity, export potential, and petroleum sector performance.
The region recorded crude oil and condensate production of 13,478 thousand barrels daily in 2015, increasing to 13,670 thousand barrels daily in 2016, 13,839 thousand barrels daily in 2017, 14,104 thousand barrels daily in 2018, and 14,180 thousand barrels daily in 2019. Production declined to 12,963 thousand barrels daily in 2020 amid weaker global oil demand and production restrictions before recovering to 13,233 thousand barrels daily in 2021, 13,368 thousand barrels daily in 2022, and 13,317 thousand barrels daily in 2023. Russia, the largest producer, increased from 10,617 thousand barrels daily in 2015 to 10,554 thousand barrels daily in 2023 after peaking at 11,186 thousand barrels daily in 2019. Kazakhstan recorded steady growth from 1,672 thousand barrels daily to 1,891 thousand barrels daily, while Azerbaijan declined from 840 thousand barrels daily to 619 thousand barrels daily. Turkmenistan also experienced a gradual decline, falling from 254 thousand barrels daily in 2015 to 166 thousand barrels daily in 2023.
Overall, the dataset highlights relatively stable regional crude oil and condensate production despite temporary disruptions in 2020. It supports production monitoring, supply assessments, investment analysis, energy market evaluation, long-term forecasting, and evidence-based policymaking for sustainable upstream petroleum development across the Commonwealth of Independent States.