Azerbaijan fulfilled its OPEC+ obligations by 100%

11:54 - 9.12.2020

December 9, Fineko/abc.az. Azerbaijan’s daily oil production reached 686,200 barrels for November 2020.

ABC.AZ was informed at the Ministry of Energy that the country produced 587,000 barrels of crude oil and 99,200 barrels of condensate.

According to the Declaration on Cooperation, in October 2018 Azerbaijan, with daily crude oil production in the amount of 718,000 barrels, was supposed to maintain crude oil production in August-December 2020 in the amount of 587,000 bpd, reducing crude oil production by 131,000 barrels.

Thus, in November, Azerbaijan fulfilled its OPEC+ commitment by 100% with an average daily crude oil production of 587,000 barrels.

 

Other news