Azerbaijan produces 580,000 barrels of crude oil per day

In January 2022, the daily oil production (including condensate) in Azerbaijan amounted to 700,500 barrels, with 580,800 barres of crude oil and 119,600 barrels of condensate, Report informs, citing the Ministry of Energy.

The new "Declaration of Cooperation" provides for an increase in daily crude oil production in Azerbaijan in January 2022 by another 7,000 barrels - up to 661,000 barrels, and the commitment to reduce to 57,000 barrels.