Azerbaijan lagged behind OPEC+ quota by 61,000 barrels per day in July

Daily oil production in Azerbaijan amounted to 490,000 barrels in July 2024, Report informs, referring to S&P Global Commodity.

Within the framework of the OPEC+ agreement, Azerbaijan's oil production quota for the current year is 551,000 barrels per day, while the actual production in June stood at 490,000 barrels.

"This means that Azerbaijan fell behind the OPEC+ quota by 61,000 barrels per day in July," the report stated.

Meanwhile, Azerbaijan’s oil production for July increased by 10,000 barrels from June.