Bank Of Baku

S&P: Azerbaijan's oil production was 184.000 barrels short of OPEC+ quota in August

S&P: Azerbaijan
# 08 September 2023 11:51 (UTC +04:00)

In August of 2023, the average daily oil production in Azerbaijan was at the level of 500,000 barrels, APA-economics reports citing S&P Global Commodity Insights.

According to the report, Azerbaijan's quota for oil production under the OPEC+ deal was 684,000 barrel per day as of August.

Thus, Azerbaijan lagged behind the OPEC+ quota by 184,000 barrel per day in August.

Note that in July, Azerbaijan was 185,000 barrels behind its quota within the framework of OPEC+.

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