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Azerbaijan's Key Energy Statistics world rank
Total Primary Energy Production
2014
2.484
Quadrillion Btu
35
Total Primary Energy Consumption
2014
0.604
Quadrillion Btu
73
Total Petroleum and Other Liquids Production
2014
857
Thousand Barrels Per Day
24
Exports of Dry Natural Gas
2014
274
Billion Cubic Feet
26
Crude Oil Proved Reserves
2014
7
Billion Barrels
20
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Analysis - Energy Sector Highlights Last updated: June 24, 2016

  • Oil and natural gas production and exports are central to Azerbaijan's economy. The country is one of the Caspian Sea region's most important export routes to the West.
  • Azerbaijan is one of the world’s oldest oil producers. Most of Azerbaijan’s hydrocarbons production comes from offshore fields in the Caspian Sea.
  • The State Oil Company of the Azerbaijan Republic is involved in all segments of the oil sector. SOCAR produces about 20% of Azerbaijan's total oil output, with the remainder produced by international oil companies.
  • The Azeri-Chirag-Gunashli fields accounted for about three-quarters of Azerbaijan’s petroleum and other liquids production in 2015.
  • The completion of the Baku-Tbilisi-Ceyhan pipeline transformed Azerbaijan's oil industry, unlocking the country's oil sector potential by providing an outlet to world markets for crude oil.

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