Azerbaijan's average daily crude oil production stood at 447,000 barrels in October this year, representing a decrease of 4,000 barrels compared to the previous month, stated in the monthly report of the Organization of the Petroleum Exporting Countries (OPEC), APA-Economics reports.
According to the report, the figure stood at 451,000 barrels in September.
The data show that Azerbaijan's average daily crude oil production amounted to 454,000 barrels in the first quarter of the year, 456,000 barrels in the second quarter and 450,000 barrels in the third quarter. Thus, the figure decreased by 6,000 barrels in the third quarter.
The report states that Azerbaijan's average daily crude oil production stood at 461,000 barrels in 2025, which was 20,000 barrels lower than in 2024.
It should be recalled that Azerbaijan is a participant in the OPEC+ agreement. OPEC+ is an initiative to reduce oil production involving OPEC member states and non-OPEC countries. Under the agreement reached by OPEC+ ministers, Azerbaijan's production quota stands at 551,000 barrels per day until the end of 2026.
Thus, Azerbaijan fell short of its OPEC+ quota by 104,000 barrels in September.
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