In March of 2023, the average daily crude oil production in Azerbaijan was at the level of 515,000 barrels, APA-Economics report citing the Ministry of Energy of Azerbaijan.
"In March 2023, the daily production of oil (including condensate) in Azerbaijan was 632,000 barrels. 515,000 barrels of crude oil and 117,000 barrels of condensate made up this amount," the report said.
It is noted that within the framework of OPEC+ cooperation, Azerbaijan's obligation to cut is 33,000 barrels per day, and its daily crude oil production quota is 684,000 barrels.
Thus, in March, Azerbaijan was 169,000 barrels behind its quota within the framework of "OPEC+".
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