OPEC calculates average daily oil production in Azerbaijan in July

Average daily oil production in Azerbaijan in July amounted to 485,000 barrels, Report informs referring to the monthly OPEC report.

According to the cartel, average daily oil production in Azerbaijan in July compared to June increased by 4,000 bpd or 0.8%.

According to the report, with Azerbaijan's 2024 quota for oil production under the OPEC+ deal of 551,000 bpd, actual production in July lagged behind by 66,000 bpd.

According to OPEC, average daily oil production in Azerbaijan in the first quarter of 2024 amounted to 477,000 bpd, in the second 474,000 bpd. In 2023, average daily oil production in the country was 503,000 bpd.