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Azerbaijan fulfils its obligation on output cut


In accordance with the Vienna agreement reached by OPEC and non-OPEC countries, Azerbaijan has submitted the data on oil output for February 2018 to the Joint Technical Commission of the Joint Monitoring Committee.

 

According to Energy Ministry, in January Azerbaijan produced 751,000 b/d of crude oil and 55,000 b/d of condensate, exported 621,300 b/d of crude oil, 55,000 b/d of condensate and 20,400 b/d of oil products.

 

Average production by Azerbaijan in 2017 made up 781,900 barrels of oil per day in accordance with the agreement on keeping daily output at 834,000 barrels per day.

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