Bank Of Baku

S&P: Azerbaijan was 164.000 barrel short of the OPEC quota in March

S&P: Azerbaijan was 164.000 barrel short of the OPEC quota in March
# 12 April 2023 16:58 (UTC +04:00)

In March of 2023, the average daily crude oil production was at the level of  520.000, acccording to the review of "S&P Global Commodity Insights” compiled based on the data of Platt, APA-Economics reports.

According to the information, within the framework of the cooperation of OPEC+, Azerbaijan's daily crude oil production quota is 684.000 barrel. 

So, according to the review of “S&P Global Commodity Insights”, in March, Azerbaijan was 164.000 barrels behind its quota within the framework of OPEC+.

 

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