Azerbaijan was 71,000 barrels short of OPEC+ quota in April-FORECAST

Azerbaijan was 71,000 barrels short of OPEC+ quota in April-FORECAST
# 15 May 2024 12:24 (UTC +04:00)

In April 2024, the daily oil (including condensate) production in Azerbaijan was at the level of 408,000 barrels, APA-Economics reports citing the monthly report of International Energy Agency.

According to the agency's assessment, oil production in Azerbaijan amounted to 480,000 barrels in March of this year.

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 April, Azerbaijan was 71,000 barrels behind its quota within the framework of OPEC+.

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