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Azerbaijan fulfills obligations to OPEC +
Energy
- 16 March, 2021
- 13:10
In February 2021, daily oil production (including condensate) in Azerbaijan amounted to 741,000 barrels, with crude oil accounting for 593,000 and condensate responsible for 148,000 barrels, Report informs, citing the country's Energy Ministry.
At the 13th and 14th ministerial meetings of the OPEC + countries, it was decided to keep the current quotas for daily crude oil production in February, March, and April. According to the new agreement, Azerbaijan's obligations in the amount of 123,000 barrels in January are valid for the reporting period as well. The output will be left at 595,000 barrels a day. OPEC+ countries’ reduction on the output will be 6.9 million barrels a day in April.
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