The 'Energy Mix' in Azerbaijan
A 2008 Chatham House report noted that in the absence of reserves of coal and hydro power, Azerbaijan's primary energy needs are satisfied mainly by oil and gas. However rising petroleum consumption was predicted to take up an increasing share of plateau production as the country's hydrocarbon reserves are depleted, with the country ceasing to be self-sufficient in oil by 2025. Of the 23,167 million tonnes of oil equivalent consumed in Azerbaijan during 2005 to meet its energy needs, 32 percent was provide for by oil, the equivalent of 150,000 barrels per day.
In 2008, 7.4 million tonnes of the oil produced during the year were directed to domestic oil consumption, 36.9 million tonnes were exported as crude or products, and the remaining 0.2 million tonnes retained in reserves.
- "Resource Depletion, Dependence and Development: Azerbaijan" Chatham House, November 2008.
- "Azerbaijan" Baker and MacKenzie, 2009.