Bank Of Baku

Azerbaijan fulfilled 118% its commitments under OPEC plus in February

Azerbaijan fulfilled 118% its commitments under OPEC plus in February
# 16 March 2022 16:15 (UTC +04:00)

In February of year, daily oil production (together with condensate) in Azerbaijan was 684,1 thousand barrels, the Ministry of Energy told APA-Economics.

During the reporting period, 566,3 thousand barrels of production made up crude oil, while 117,8 thousand barrels of it were condensate.

Thus, in February, Azerbaijan fulfilled its OPEC + (OPEC and non-OPEC initiative to reduce oil production) by 118%.

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