Azerbaijan was 70,000 barrels short of OPEC+ quota in March

Azerbaijan was 70,000 barrels short of OPEC+ quota in March
# 09 April 2024 11:48 (UTC +04:00)

In March 2024, the daily oil (including condensate) production in Azerbaijan was at the level of 605,000 barrels, the Ministry of Energy of Azerbaijan told APA reports.

It is noted that the 481,000 barrels of that has been crude oil and 124,000 thousand of it has been condensate.

Note that according to the agreement reached at the 36th ministerial meeting of OPEC+ countries, Azerbaijan's production quota for 2024 is 551,000 barrels per day.

Thus, in February, Azerbaijan was 70,000 barrels behind its quota within the framework of OPEC+.

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