Azerbaijan announces implementation level of OPEC agreement

In June 2022, daily oil production (including condensate) in Azerbaijan amounted to 632.4 thousand barrels, Report informs, citing the Ministry of Energy.

Of this, 523.5 thousand barrels were crude oil and 108.9 thousand barrels condensate.

It should be noted that the agreement reached at the 28th Ministerial Meeting of OPEC and non-OPEC states envisages an increase in daily crude oil production in Azerbaijan by another 8,000 barrels reaching 696,000 barrels in June 2022, and a commitment to cut the output by 22 thousand barrels.