5 Countries That Increased Oil Production the Most in A Decade

This article discusses the 5 Countries That Increased Oil Production the Most in A Decade. If you want to get detailed analysis on the oil sector and other Countries That Increased Oil Production the Most in A Decade, you can head on to 20 Countries That Increased Oil Production the Most in A Decade.

5. Bulgaria

Percentage Change in Production: 105.68%

Bulgaria’s oil production primarily comes from a few onshore fields, but the output is not sufficient to meet domestic demand. In recent years, Bulgaria has been focusing more on diversifying its energy sources and reducing dependence on fossil fuels. Moreover, in 2024, it’s aiming to halt the import of oil from Russia, and instead, is replacing it with imports from countries like Kazakhstan, Iraq and Tunisia, according to traders and LSEG data.

The country has been investing in renewable energy sources such as wind, solar, and biomass to enhance energy security, reduce greenhouse gas emissions, and comply with European Union energy directives.