Azerbaijan fell short of OPEC+ quota by 71,000 barrels per day in January

Energy
  • 12 February, 2025
  • 10:21
Azerbaijan fell short of OPEC+ quota by 71,000 barrels per day in January

Daily oil production in Azerbaijan amounted to 480,000 barrels in January, according to a review by S&P Global Commodity Insights based on Platts data, Report informs.

According to the review, taking into account Azerbaijan's quota for 2025, there was a daily decrease of 71,000 barrels in oil production within the framework of the OPEC agreement in January.

Additionally, Azerbaijan's oil production volume remained unchanged in January compared to December.

As reported, in accordance with the decision adopted at the 37th meeting of OPEC member and non-member countries' ministers, Azerbaijan's daily crude oil production quota for 2025 remained at the 2024 level of 551,000 barrels.

44 filmi