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Azerbaijan utilized 88.2% of its OPEC quota in December 2024
Energy
- 15 January, 2025
- 11:32
In December 2024, daily oil production (including condensate) in Azerbaijan amounted to 80,776 tons (609,000 barrels), according to the country's Energy Ministry, Report informs.
Some 65,987 tons (478,000 thousand barrels daily ) was oil, and 14,789 tons (122,000 barrels daily) was condensate.
Thus, Azerbaijan utilized 88.2% of its OPEC quota in December.
According to the agreement reached at the 36th OPEC Plus Ministerial meeting, Azerbaijan's production quota for 2024 was set at 551,000 barrels (74,259 tons) per day.
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