IEA: Azerbaijan's March oil production 70,000 bpd lower than plan under OPEC+ deal

In March of this year, daily oil production in Azerbaijan was 0.48 million barrels (remained the same compared to February), Report informs, citing the International Energy Agency (IEA).

According to the calculations of IEA analysts, daily oil production in Azerbaijan in March decreased by 0.07 million barrels per day compared to the plan within the framework of the OPEC+ agreement. Last month, Azerbaijan's oil production forecast was 0.55 million barrels.