Azerbaijan met fully its oil production obligations within OPEC+ for February

17:44 - 16.03.2021


March 16, Fineko/abc.az. Last month the daily production of oil with condensate in Azerbaijan reached 741,000 barrels, including 593,000 barrels of oil production and 148,000 barrels of condensate, ABC.AZ reports with reference to the Ministry of Energy.

It should be noted that at the 13th and 14th meetings of the OPEC+ ministers, an agreement was reached on the continuation of the current quotas on the daily crude oil production in February, March and April.

Azerbaijan, in accordance with the OPEC+ agreement, committed to reduce the oil production by 123,000 b/d in January 2021 from the October 2018 indicator.

According to the agreements, for Jan-Apr 2021 the oil production in Azerbaijan should remain at the level of 595,000 b/d.

 

Other news