Average daily crude oil production in Azerbaijan stood at 458,000 barrels in May this year, OPEC's monthly report said, APA-Economics reports.
According to the report, the figure was 460,000 barrels in April. Thus, Azerbaijan's average daily oil production decreased by 2,000 barrels in May compared to the previous month.
According to the data, the figure amounted to 454,000 barrels in the first quarter of the year.
The report states that Azerbaijan's average daily crude oil production in 2025 was 461,000 barrels, which is 20,000 barrels lower than the 2024 figure.
It should be noted that under the agreement reached by OPEC+ ministers, Azerbaijan's production quota is set at 551,000 barrels per day until the end of 2026.
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