Azerbaijan Key Figures
- Population:
- 10.3 million
- GDP growth rate:
- 1.10 %/year
- Energy independence:
- 100%
Data of the last year available: 2023
- Total consumption/GDP:*
- 48.3 (2005=100)
- CO2 Emissions:
- 3.74 tCO2/capita
- Rate of T&D power losses:
- 8.61%
* at purchasing power parity
View all macro and energy indicators in the Azerbaijan energy report
Azerbaijan Energy News
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Azerbaijan Energy Research
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Azerbaijan Total Energy Consumption
Per capita consumption was around 1.6 toe in 2021, including 2 330 kWh of electricity.
Total energy consumption increased by 6%/year between 2020 and 2022 and remained stable in 2023 (17 Mtoe). It rose very rapidly in 2019 (+9%) and dropped by 3% in 2020. It increased before by 4%/year between 2010 and 2016, then remained stable until 2018.
The energy intensity of GDP has been increasing by 2%/year since 2010, after dropping by 13% per year over 2000-2010. It is now still around 70% higher than the EU level (at purchasing power parity).
Interactive Chart Azerbaijan Total Energy Consumption
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View the detailed fondamentals of the market at country level (graphs, tables, analysis) in the Azerbaijan energy report
Azerbaijan Crude Oil Production
Oil production has been decreasing since 2010, by around 4%/year, from 51 Mt to 30 Mt in 2023 (-40%). In the past, foreign investments greatly boosted the country's oil production, which more than tripled between 2004 and 2010, partly with the start of the Shah-Deniz field in 2006.
The country is committed to reducing its production according to the agreements between OPEC and non-OPEC countries since 2016. Azerbaijan agreed with new OPEC+ objectives to bring its crude output to 688 kbl/d in May-June 2022 and 717 kbl/d in July-December 2022.
Interactive Chart Azerbaijan Crude Oil Production
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Additionally, for more detailed information on refineries, you can request a sample of our EMEA Refineries Dataset
Azerbaijan Renewable in % Electricity Production
The AREA (Azerbaijan Renewable Energy Agency) was created in 2020 to develop and implement renewable energy projects, along with various companies. The main objective of the agency is to increase the share of renewables in the power capacity up to 30% by 2030 (20% in 2023).
Alternative energy projects are funded through the Azerbaijan Investment Company (AIC) that was established in 2006.
Companies operating in the renewable energy sector are exempt from customs duties and taxes.
Interactive Chart Azerbaijan Share of Renewables in Electricity Production (incl hydro)
Benefit from up to 2 000 up-to-date data series for 186 countries in Global Energy & CO2 data
Azerbaijan CO2 Fuel Combustion/CO2 Emissions
In its first NDC, Azerbaijan made a commitment to reduce its level of GHG emissions by 35% by 2030 compared to 1990. In 2023, a second NDC was released, targeting a 40% reduction by 2050.
According to the EDGAR data base, GHG emissions have increased by 80% since 1997, reaching 69 MtCO2eq in 2021, after a 45% reduction between 1990 and 1997. In 2022, they were about at the same level as in 1990, thus quite far from the objective for 2030.