Baku 21° C
Azerbaijan's use of quota on OPEC+ deal reaches 73% in May
Energy
- 12 June, 2023
- 10:30
Add Report.az to preferred Google sources
Stay up to date with the top news!
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.
Author
Mayda Azərbaycan OPEC kvotasını 73 % istifadə edib
Азербайджан в мае использовал квоту по сделке ОПЕК+ на 73%
Latest News
18:54
Azerbaijan, Hungary discuss bilateral ties and cooperation prospects
Foreign policy
18:39
Families of missing Azerbaijanis seek to make their voices heard in Europe
Diaspora
18:12
Türkiye, Qatar, Pakistan and Indonesia sign defense cooperation pact
Other countries
18:08
Photo
Video
Brussels rally: 'We want to know the truth about the fate of missing Azerbaijanis'
Diaspora
17:46
Ilham Aliyev approves Host Country Agreement for Secretariat of NAM Youth Organization
Domestic policy
17:45
Baku to host Azerbaijan sport climbing championship on October 22–25
Individual sports
17:34
Azerbaijani president approves treaty on alliance with Kyrgyzstan
Domestic policy
17:26
Azykh-Taghlar Archaeological Park established as state reserve in Azerbaijan
Domestic policy
17:19
Ilham Aliyev approves agreement on road transport links with Kyrgyzstan
Infrastructure