In November of this year, average daily crude oil production in Azerbaijan amounted to 460,000 barrels, APA-Economics reports, citing the International Energy Agency’s (IEA) monthly report.
Azerbaijan’s average daily oil production in November was equal to the October figure.
It should be noted that, according to the agreement reached by the ministers of the “OPEC+” countries (the initiative uniting OPEC and non-OPEC oil-producing states to reduce output), Azerbaijan’s production quota is set at 551,000 barrels per day until the end of 2026.
Thus, in November, Azerbaijan fell 91,000 barrels short of its “OPEC+” quota.