Azerbaijan backs OPEC decision 

11:05 - 5.12.2022


December 5, Fineko/abc.az. Azerbaijan also agreed to keep in force the decision adopted in October 2022 at the 34th online-format ministerial meeting of OPEC member and non-member countries.

ABC.AZ was informed at the Ministry of Energy that Cooperation Declaration participating countries’ commitments, regarding quotas for this August, remain stable. 
Azerbaijan's commitments regarding cuts also remain unchanged: daily production is 33,000 barrels, and the quota for daily crude oil production is 684,000 barrels.

The next meeting of OPEC+ ministers is scheduled for 4 June 2023.

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