OPEC details Azerbaijan’s average daily oil output in November

Average daily oil production in Azerbaijan in November 2024 was 483,000 barrels, Report informs with reference to the monthly report of OPEC.

In November, the average daily oil production in Azerbaijan decreased by 3,000 barrels or 0.62% compared to October 2024.

Within the framework of the OPEC+ agreement, Azerbaijan's oil production quota for the current year is 551,000 barrels per day, while the actual production in November dropped by 68,000 barrels daily.

According to OPEC, Azerbaijan produced an average of 477,000 barrels of oil per day in the first quarter of 2024, 475,000 barrels in the second quarter, and 486,000 barrels in the third quarter.

As reported, the average daily oil production stood at 503,000 barrels in 2023.