In November of this year, Azerbaijan's daily oil production averaged 483,000 barrels, which is 3,000 barrels lower compared to October's figures, APA-Economics reports citing the monthly report of the Organization of the Petroleum Exporting Countries (OPEC).
According to the report, the figure for August of this year was 482,000 barrels, in September it was 488,000 barrels, and in October, it reached 486,000 barrels.
The document also notes that in the third quarter of this year, Azerbaijan's average daily oil production was 486,000 barrels, in the second quarter it was 475,000 barrels, and in the first quarter, it amounted to 477,000 barrels.
Note that according to the agreement reached at the 38th meeting of the OPEC+ (the oil production reduction initiative involving both OPEC and non-OPEC countries) ministers, Azerbaijan's production quota is set at 551,000 barrels per day until the end of 2026.
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