Azerbaijan was 75,000 barrels short of OPEC+ quota in February

Azerbaijan was 75,000 barrels short of OPEC+ quota in February
# 13 March 2024 13:05 (UTC +04:00)

In February 2024, the daily oil (including condensate) production in Azerbaijan was at the level of 598,000 barrels, APA reports citing the Ministry of Energy of Azerbaijan.

It is noted that the 476,000 barrels of that has been crude oil and 122,000 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 75,000 barrels behind its quota within the framework of OPEC+.

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