Azerbaijan cuts oil production – OPEC Report


June 29, Fineko/ The average daily oil production in Azerbaijan amounted to 590,000 barrels in 2021, and in annual comparison, this figure decreased by 3.4%, ABC.AZ reports this with reference to the OPEC annual statistical bulletin.

According to the report, in 2020, this figure amounted to 611,000 barrels.

The average daily oil exports from the country amounted to 483,000 barrels (3.5% less in annual comparison). According to the report, in 2020 this figure amounted to 500,000 barrels.

In 2021, the average daily demand for oil in Azerbaijan was at the level of 107,000 barrels (4.6% more than in 2020 – 103,000 barrels).