Azerbaijan was 192,000 barrels short of OPEC+ quota in November

Azerbaijan was 192,000 barrels short of OPEC+ quota in November
# 14 December 2023 11:33 (UTC +04:00)

In November of 2023, the daily oil production (with condensate) in Azerbaijan was at the level of 609,000 barrels, the Ministry of Energy of Azerbaijan told APA-economics.

492,000 barrels of production were crude oil, and 117,000 barrels of production were condensates.

Note 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 November, Azerbaijan was 192,000 barrels behind its quota within the framework of OPEC+.

It should be added that Azerbaijan's production quota for 2024 is 551,000 barrels per day.

#
#

THE OPERATION IS BEING PERFORMED