Azerbaijan supports increase in oil output

Azerbaijan has expressed support for the decision to increase daily oil production by 400,000 barrels in November, adopted at the 21st meeting of the ministers of the member and non-member countries of the Organization of the Petroleum Exporting Countries (OPEC), the Azerbaijani Energy Ministry told Report.

It was noted that the new Declaration of Cooperation provides for an increase in daily oil production in Azerbaijan by another 7,000 barrels in November to 647,000 barrels, and, within the commitments on oil production cut, the country reduces output by 71,000 barrels per day.