Azerbaijan’s average daily oil output in August amounted to 569,000 barrels

Average daily oil (including condensate) production in Azerbaijan in August 2024 stood at 76,045 tons (569,000 barrels), Report informs, citing the country’s Energy Ministry.

Of that, 64,870 tons (478,000 barrels per day) accounted for oil, and 11,175 tons (91,000 barrels per day) fell to condensate.

Azerbaijan reached 86.8% of the OPEC quota in August.

According to the agreement reached at the 36th meeting of OPEC+ ministers, Azerbaijan’s production quota for 2024 is set at 551,000 barrels (74,259 tons) per day.