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Free AccessAzerbaijan’s Oil Exports in Jan-Nov Fall 3.75% on the Year
Azerbaijan exported 23.1m mt of crude and condensates from Jan-Nov 2023, according to its Energy Ministry.
- This is equivalent to around 519k b/d, according to Bloomberg.
- Exports fell from 24m mt during the same period in 2022, according to Bloomberg calculations, a decline of 3.75%.
- Of the total exports, 20.2m mt came from the Azeri-Chirag-Gunashli (ACG) and Shah Deniz projects, led by BP. The remaining tonnes came from Socar.
- Azerbaijan pumped 27.6m mt of crude and condensates in Jan-Nov, down from 29.8m mt in the first 11 months of 2022.
- The natural depletion of the ACG project is one of the causes of declining output, Bloomberg said.
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.