17:45 - 15.12.2022

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December 15, Fineko/abc.az. The daily oil production (together with condensate) in Azerbaijan amounted to 669,000 barrels in November 2022, ABC.AZ was informed at the Ministry of Energy.

The production of crude oil reached 550,000 barrels and condensate – 119,000 barrels.

Taking into account the latest price of Azerbaijani oil on the world market ($85), the market value of oil produced daily is $56.9 million.

At that, about 80% of the oil produced in Azerbaijan is directed for export.

Thus, for Jan-Nov 2022, 29.8 million tons of oil were produced in the country. 18.7 million tons of oil production accounted for Azeri-Chirag-Guneshli and 4 million tons of condensate for Shah Deniz. SOCAR's oil production (together with condensate) amounted to 7.1 million tons.

During the reporting period 24 million tons of oil (together with condensate) were directed for export. Of them, about 22.7 million tons accounted for the consortium, and 1.3 million tons for SOCAR.