Azerbaijan - U.S. Energy Information Administration (EIA)
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Azerbaijan  

Country Analysis Brief Overview

  • Azerbaijan, wholly located within the South Caspian Sea basin, is among the oldest oil producers in the world. Oil and natural gas production and export are central to Azerbaijan's economic growth. The country is one of the Caspian region's most important strategic export routes to the West.
  • Unexpected production problems at its largest fields caused total output to fall to below 1.0 million bbl/d in 2011, and total production continued to decline through mid-2013.
  • Although the State Oil Company of Azerbaijan Republic (SOCAR) is involved in all segments of the oil sector, it produces only about 20% of Azerbaijan's total oil output, with the remainder produced by international oil companies.
  • New projects, including the Chirag Oil Project, may boost Azerbaijan's production as ACG failed to meet ambitious output expectations.
  • The completion of the BTC pipeline transformed Azerbaijan's oil industry, unlocking the country's oil sector potential by providing an outlet to world markets for crude oil. The country is mainly a crude oil and condensate exporter, but it also exports small volumes of petroleum products.
  • With the startup of the Shah Deniz natural gas and condensate field in late 2006, Azerbaijan became a natural gas net exporter.
  • The Shah Deniz field, discovered in 1999, is one of the world's largest natural gas and condensate fields. Shah Deniz Full Field Development is expected to have peak capacity of 565 Bcf (in addition to the 315 Bcf in Phase I), making it one of the largest gas development projects anywhere in the world.
  • The discovery and development of the Shah Deniz gas field along with the commissioning of the South Caucasus Pipeline (SCP) has transformed Azerbaijan's natural gas sector, allowing the country to become a natural gas net exporter.
  • Electricity consumption in Azerbaijan grew considerably between 2000 and 2006, but it has fallen since then. Total electric power consumption may rise as the country's economy expands in the near future.

Read full Azerbaijan Analysis Brief »

Analysis Last Updated: August 1, 2014


Overview data for Azerbaijan

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Petroleum (Thousand Barrels per Day)
Previous Year
Latest Year
   
History
Azerbaijan
Eurasia
World
Rank
    
Azerbaijan
Total Oil Production 222.2473 , 206.4503 , 191.1834 , 180.5434 , 180.3178 , 179.9100 , 236.7095 , 283.6105 , 288.5872 , 308.8623 , 315.4184 , 325.1748 , 317.6340 , 440.0060 , 646.5805 , 849.0687 , 878.1927 , 1015.9453 , 1044.8617 , 993.2248 , 931.8823 , 880.6013
(1992-2013)
931.88 13,415 89,755 24   880.60
Crude Oil Production 213.4700 , 200.0000 , 184.0002 , 175.0000 , 175.9000 , 172.8000 , 230.0000 , 276.0000 , 280.0437 , 301.1671 , 310.2575 , 320.0548 , 311.4262 , 432.7726 , 639.5205 , 842.0767 , 869.5628 , 1005.8466 , 1034.6274 , 982.9945 , 921.7486 , 870.5945
(1992-2013)
921.75 12,719 75,956 21   870.59
Consumption 202.5110 , 194.0313 , 186.6026 , 178.5408 , 133.5440 , 128.5937 , 145.8402 , 149.4600 , 136.8877 , 119.8899 , 110.3501 , 110.7772 , 112.6013 , 115.3512 , 114.3750 , 109.4029 , 84.4124 , 79.8716 , 78.0886 , 85.0000 , 85.3233 , 93.4260
(1992-2013)
85.32 4,531 89,128 81   93.43
Estimated Petroleum Net Exports 19.7363 , 12.4190 , 4.5808 , 2.0027 , 46.7737 , 51.3163 , 90.8693 , 134.1504 , 151.6995 , 188.9724 , 205.0684 , 214.3975 , 205.0327 , 324.6548 , 532.2055 , 739.6658 , 793.7803 , 936.0737 , 966.7730 , 908.2248 , 846.5590 , 787.1753
(1992-2013)
846.56 8,884 -- 17   787.18
Refinery Capacity 406.3400 , 406.3400 , 441.8080 , 441.8080 , 441.8080 , 441.8080 , 441.8080 , 441.8080 , 441.8080 , 441.8080 , 441.8080 , 398.9780 , 398.9780 , 398.9780 , 398.9780 , 398.9780 , 398.9780 , 398.9780 , 398.9780 , 398.9780
(1993-2012)
399 8,209 88,097 42   399
Proved Reserves(Billion Barrels) 1.1780 , 1.1780 , 1.1780 , 1.1780 , 1.1780 , 1.1780 , 7.0000 , 7.0000 , 7.0000 , 7.0000 , 7.0000 , 7.0000 , 7.0000 , 7.0000 , 7.0000 , 7.0000 , 7.0000 , 7.0000
(1997-2014)
7.00 119 1,646 21   7.00
Natural Gas (Billion Cubic Feet)
Previous Year
Latest Year
   
History
Azerbaijan
Eurasia
World
Rank
 
Azerbaijan
Production 275.4570 , 240.1420 , 225.3100 , 231.9900 , 236.6100 , 210.4774 , 197.4109 , 211.8900 , 199.8829 , 202.0018 , 181.8723 , 181.1660 , 176.9282 , 205.5333 , 240.8483 , 380.4485 , 591.4909 , 576.5880 , 588.9129 , 577.3296 , 606.5609
(1992-2012)
577.33 28,464 116,255 30   606.56
Consumption 522.6670 , 384.9320 , 331.2600 , 316.7500 , 328.4300 , 323.4854 , 197.4109 , 211.8900 , 210.2302 , 319.8480 , 319.9539 , 324.8980 , 351.0311 , 366.5697 , 399.0595 , 327.5113 , 423.9566 , 375.9988 , 359.1889 , 335.7750 , 379.1323
(1992-2012)
335.78 22,062 116,395 45   379.13
Net Export/Imports(-) -247.2100 , -144.7900 , -105.9500 , -84.7600 , -91.8200 , -113.0080 , 0.0000 , 0.0000 , -10.3473 , -117.8462 , -138.0817 , -143.7321 , -174.1030 , -161.0364 , -158.2112 , 52.9372 , 167.5344 , 200.5892 , 229.7241 , 241.5546
(1992-2011)
229.72 5,232 -- 73   241.55
Proved Reserves
(Trillion Cubic Feet)
4.4000 , 4.4000 , 4.4000 , 4.4000 , 4.4000 , 4.4000 , 30.0000 , 30.0000 , 30.0000 , 30.0000 , 30.0000 , 30.0000 , 30.0000 , 30.0000 , 30.0000 , 30.0000 , 35.0000 , 35.0000
(1997-2014)
35.00 2,178 6,846 26   35.00
Coal (Million Short Tons)
Previous Year
Latest Year
   
History
Azerbaijan
Eurasia
World
Rank
 
Azerbaijan
Production 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000
(1992-2012)
0.000 558 8,444 68   0.000
Consumption 0.0298 , 0.0077 , 0.0088 , 0.0121 , 0.0121 , 0.0066 , 0.0011 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000
(1992-2012)
0.000 419 8,285 115   0.000
Net Export/Imports(-) -29.7624 , -4.4092 , -1.1023 , -6.6139 , -6.6139 , -6.6139 , -1.1023 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000
(1992-2012)
0.000 135 -- 87   0.000
Electricity (Billion Kilowatthours)
Previous Year
Latest Year
   
History
Azerbaijan
Eurasia
World
Rank
 
Azerbaijan
Net Generation 18.5800 , 18.0740 , 16.6090 , 16.1000 , 16.1400 , 15.9120 , 17.0150 , 17.1620 , 17.6541 , 17.8959 , 18.4716 , 20.1310 , 20.4817 , 20.0955 , 22.3204 , 20.6540 , 20.4563 , 17.8495 , 17.7592 , 19.2100
(1992-2011)
17.76 1,425 20,254 74   19.21
Net Consumption 15.2480 , 14.3340 , 14.5940 , 13.7240 , 13.6140 , 14.1200 , 14.7600 , 15.1180 , 15.4061 , 15.5699 , 16.1326 , 18.3010 , 19.0847 , 17.2665 , 19.4324 , 16.9840 , 16.6973 , 13.4795 , 13.5672 , 14.5600
(1992-2011)
13.57 1,248 18,501 78   14.56
Installed Capacity (GWe) 5.1650 , 5.1650 , 5.1650 , 5.1830 , 5.2390 , 5.1510 , 4.6000 , 4.5900 , 4.6700 , 4.9425 , 5.1805 , 5.3410 , 5.6950 , 5.7150 , 5.2120 , 5.6240 , 5.7302 , 5.8002 , 6.3902 , 6.3996 , 6.3980
(1991-2011)
6.40 356 5,086 69   6.40
Total Primary Energy (Quadrillion Btu)
Previous Year
Latest Year
   
History
Azerbaijan
Eurasia
World
Rank
 
Azerbaijan
Production 0.7794 , 0.7173 , 0.6616 , 0.6450 , 0.6511 , 0.6195 , 0.7306 , 0.8400 , 0.8366 , 0.8803 , 0.8788 , 0.9050 , 0.8876 , 1.1814 , 1.6583 , 2.2355 , 2.5185 , 2.7905 , 2.8759 , 2.7455
(1992-2011)
2.876 71 505 34   2.745
Consumption 0.9918 , 0.7623 , 0.7612 , 0.7303 , 0.6455 , 0.6378 , 0.5443 , 0.5634 , 0.5309 , 0.6069 , 0.5918 , 0.6016 , 0.6370 , 0.6589 , 0.7012 , 0.5944 , 0.6423 , 0.5782 , 0.5670 , 0.5489
(1992-2011)
0.567 43 507 73   0.549
Energy Intensity
(Btu per 2005 U.S. Dollars)
37267.1171 , 37246.3126 , 46319.4221 , 50382.5783 , 43982.2946 , 41071.3789 , 31874.7747 , 30721.3947 , 26044.1203 , 27094.7744 , 23886.0373 , 21835.5897 , 20981.0057 , 17164.3382 , 13579.8328 , 9231.7485 , 9002.8839 , 7414.7886 , 6928.0543 , 6682.1439
(1992-2011)
6,928 14,673 7,401 63   6,682
Carbon Dioxide Emissions (Million Metric Tons of CO₂)
Previous Year
Latest Year
   
History
Azerbaijan
Eurasia
World
Rank
 
Azerbaijan
Total from Consumption of Fossil Fuels
60.1437 , 50.4417 , 46.1214 , 45.2659 , 38.9187 , 38.4572 , 47.8193 , 48.8714 , 43.7615 , 31.2245 , 34.1875 , 33.9023 , 35.9277 , 37.1927 , 39.8921 , 33.8099 , 38.4983 , 30.7519 , 29.5006 , 36.5194
(1992-2011)
29.50 2,429 31,502 76   36.52

-- = Not applicable; NA = Not available; E = Estimate value
Sources: EIA. For more detailed data, see International Energy Statistics.

Data last updated: May 30, 2013

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