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  Wednesday, August 10, 2022
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Azerbaijan expects to produce up to 40 million metric tons (803,287 bbl/d) of oil this year
Azerbaijan expects to produce up to 40 million metric tons (803,287 bbl/d) of oil this year, the industry and energy minister of the South Caucasus republic said Wednesday. Natik Aliyev said Azerbaijan will produce 50 million metric tons (1 million bbl/d) in 2007 due to an expected increase in output at the Azeri-Chirag-Guneshli oil field, in the Caspian Sea basin. The oil field's proven reserves amount to about 900 million metric tons, or 5.4 billion barrels.
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