On January 15, Azerbaijan's Minister of Energy, Parviz Shahbazov, reported that the country produced 29.1 million tons of oil and condensate in 2024, while oil exports reached 24.4 million tons.

According to Shahbazov, Azerbaijan's gas production in 2024 totaled 50.3 billion cubic meters, an increase of 2 billion cubic meters compared to the previous year. Gas exports during January-December 2024 amounted to 25.2 billion cubic meters, a 5.8% rise from 2023. Of the exported gas, 12.9 billion cubic meters were sent to Europe, 9.9 billion cubic meters to Türkiye, and 2.4 billion cubic meters to Georgia. Additionally, the Trans-Anatolian Natural Gas Pipeline (TANAP) delivered 5.6 billion cubic meters to Türkiye.

In December 2024, Azerbaijan's daily oil production, including condensate, stood at 80,776 tons (609,000 barrels), with 65,987 tons (478,000 barrels) attributed to oil and 14,789 tons (122,000 barrels) to condensate. The country utilized 88.2% of its OPEC production quota for December, which was set at 74,259 tons (551,000 barrels) per day under the agreement from the 36th OPEC Plus Ministerial meeting.