Azerbaijan supports OPEC+ decision to keep daily oil production stable until end of 2026

At the 39th Ministerial Meeting of OPEC and non-OPEC countries, Azerbaijan supported the decision to maintain a stable level of daily oil production until the end of 2026, Report informs referring to the Energy Ministry.

Azerbaijan's quota for crude oil production in the amount of 551,000 barrels per day will be maintained for this period.

The meeting also instructed the OPEC Secretariat to determine the base level of crude oil production for OPEC+ countries for 2027. It was agreed to hold the 40th Ministerial Meeting on November 30 this year.