Core Insights - Azerbaijan's economy is experiencing healthy growth, with GDP growth of 1.3% from January to October 2023, and projected growth rates of 3% for 2024 and 2.9% for 2025, reflecting changes in industrial structure and a slowdown in the non-oil sector due to declining oil production [1] Economic Performance - The oil production in Azerbaijan has been influenced by long-term geological and technical factors under the "Contract of the Century," with production increasing from 9 million tons in 1995 to 51 million tons in 2010, followed by a gradual decline starting in 2011, with production at 34 million tons in 2020 [1] - From January to October 2023, Azerbaijan's crude oil (including condensate) production was 23.43 million tons, a year-on-year decrease of 4.6%, while commercial oil production was 22.99 million tons, also down by 4.6% [1] - Natural gas production during the same period was 42.13 billion cubic meters, showing a year-on-year increase of 1.2%, with commercial natural gas production at 32.26 billion cubic meters, up by 1.7% [1] - In October 2023, crude oil production was 2.367 million tons, down by 4.5%, while natural gas production was 4.33 billion cubic meters, a decrease of 3.8% [1]

圭亚那政府：6月份的石油产量下降至每天66.4万桶。 ...