Azerbaijan's use of quota on OPEC+ deal reaches 73% in May

Azerbaijan produced 612,000 barrels of oil (including condensate) in May of this year, including 500,000 barrels of crude oil and 112,000 barrels of condensate.

Report informs referring to the Ministry of Energy that Azerbaijan used its quota within the framework of the agreement on the deal to reduce OPEC+ production by 73.1%.

Under the OPEC+ agreement, Azerbaijan's obligation to reduce daily production is 33,000 barrels, and the oil production quota is 684,000 barrels.