Azerbaijan fell short of OPEC plus quota by 75,000 barrels per day in February

In February, Azerbaijan's daily oil production averaged 476,000 barrels, Report informs, citing OPEC's monthly update on oil production.

Last month, Azerbaijan's daily oil production increased by 9,000 barrels or 1.9% compared to January.

According to the OPEC, while Azerbaijan's daily oil production quota for this year under the OPEC Plus agreement was 551,000 barrels, actual production in February decreased by 75,000 barrels.

In 2024, the country's daily oil production averaged 482,000 barrels.