Azerbaijan’s oil output lagged behind OPEC+ quota in June

Daily oil production in Azerbaijan amounted to 480,000 barrels in June 2024, Report informs, referring to S&P Global.

Under the OPEC+ agreement, Azerbaijan's oil production quota for the current year is 551,000 barrels per day, while the actual production in June was 480,000 barrels.

"This means that Azerbaijan fell behind the OPEC+ quota by 71,000 barrels per day in June," the information stated.

Meanwhile, Azerbaijan’s oil production for June grew by 10,000 barrels from May.