The US Energy Information Administration (EIA) has increased its forecast for Azerbaijan’s average daily oil production in 2027 by 10,000 barrels, bringing the projected figure to 530,000 barrels per day.

The revised estimate was published in the EIA’s October Short-Term Energy Outlook. In its September report, the agency had projected average daily production of 520,000 barrels in 2027, The Caspian Post reports, citing local media.

According to the updated forecast, Azerbaijan’s oil production is expected to average 540,000 barrels per day in the first quarter of 2027, up 10,000 barrels from the previous estimate.

For the second quarter, the EIA projects daily production of 530,000 barrels, also 10,000 barrels higher than its September forecast.

The agency expects production to average 520,000 barrels per day in both the third and fourth quarters of 2027, representing an upward revision of 10,000 barrels for each quarter compared with its previous estimates.