In July of 2023, the average daily oil production (with condensate) in Azerbaijan was at the level of 621 thousand barrels, the Ministry of Energy of Azerbaijan told APA-economics.
499 thousand barrels of production was crude oil, and 122 thousand barrels of production was condensates.
It is noted that within the framework of OPEC+ cooperation (OPEC and an initiative to reduce oil production involving non-member countries), Azerbaijan's obligation to cut is 33,000 barrels per day, and its daily crude oil production quota is 684,000 barrels by the end of 2023.
Thus, in July, Azerbaijan was 185,000 barrels behind its quota within the framework of OPEC+.
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