Daily oil production in July reached 778,000 barrels


August 14, Fineko/abc.az. The Ministry of Energy of Azerbaijan reports that country’s daily oil production for July amounted to 778,000 barrels, including 704,000 barrels of crude oil and 74,000 barrels of condensate, and the daily export totaled 500,000 barrels of crude oil, 70,000 barrels of condensate, and 29,000 barrels of petroleum products.

The average daily oil production amounted to 771,700 barrels over Jan-Jul 2019.

In July the Ministry provided daily information on oil production to the Joint Technical Commission of the OPEC Joint Monitoring Committee.

The term of the Declaration on Cooperation, signed on 7 December 2018 in connection with the daily oil production by OPEC plus by 1.2 million barrels was extended from 1 July 2019 to the end of the 1st quarter of 2020.