Azerbaijan to keep on producing oil in accord with plan for 2020


March 31, Fineko/abc.az. From 1 April 2020 Azerbaijan will be also free from obligations on oil production cuts, news website ABC.AZ was informed at the Ministry of Energy.

Today, the implementation of the Declaration on Cooperation, signed on 6 December 2019, in connection with the reduction of the daily oil production by OPEC+ countries by 1.7 million barrels, is completed. During this period Azerbaijan fully met its obligations within the Declaration on Cooperation at the level of 27,000 barrels.

Over Jan-Mar country’s daily oil production amounted to about 754,000 barrels. Azerbaijan will produce oil in accordance with the plan for 2020 and the current situation.