Azerbaijan was more than 70,000 barrels short of its OPEC+ quota in August

Azerbaijan was more than 70,000 barrels short of its OPEC+ quota in August
# 10 September 2024 11:43 (UTC +04:00)

In August 2024, daily oil production (including condensate) in Azerbaijan amounted to 480,000 barrels, APA-Economics reports citing the S&P Global Commodity Insights.

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.

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

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