IEA: Azerbaijan lagged behind OPEC+ quota by 90,000 bpd in July

Oil production in Azerbaijan in July amounted to 0.46 million barrels per day (bpd), remaining at the level of June, Report informs referring to the monthly update of the International Energy Agency (IEA).

According to IEA analysts, oil production in Azerbaijan in July lagged behind the plan under the OPEC+ deal by 0.09 million bpd.

Earlier, OPEC noted in its monthly update that average daily oil production in Azerbaijan in July amounted to 0.462 million bpd.

The gap from the quota was 0.089 million bpd.

According to the agreement reached at the 37th meeting of the OPEC Plus ministers, Azerbaijan's oil production quota for 2025 is 0.551 million bpd.