Azerbaijan supports OPEC+ decision to increase oil output

Azerbaijan has agreed with the decision of OPEC+ to increase oil production in January by the planned 400,000 barrels per day, Report informs with reference to the Energy Ministry.

The new "Declaration of Cooperation" provides for an increase in daily crude oil production in Azerbaijan in January 2022 by another 7,000 barrels - up to 661,000 barrels, and the commitment to reduce - by 57,000 barrels.