IEA: Azerbaijan's daily oil production in February lower than OPEC+ quota

In February 2025, daily oil production in Azerbaijan amounted to 0.47 million barrels, 10,000 barrels less than in January, Report informs, citing the International Energy Agency (IEA).

According to the calculations of IEA analysts, daily oil production in Azerbaijan in February fell short of the OPEC+ quota by 0.08 million barrels.

According to the agreement reached at the 37th meeting of OPEC+ ministers, Azerbaijan's production quota for 2025 is 0.551 million barrels per day.