OPEC releases average daily oil production in Azerbaijan in October

Azerbaijan's average daily oil production in October was 482,000 barrels, Report informs referring to OPEC's monthly report.

According to the cartel, the average daily oil production in Azerbaijan in October decreased by 7,000 b/d or 1.4% compared to September.

According to the report, with Azerbaijan's oil production quota for 2024 under the OPEC+ deal set at 551,000 b/d, actual production in October was 69,000 b/d below the quota.

According to OPEC, Azerbaijan's average daily oil production was 477,000 barrels in the first quarter of 2024, 475,000 barrels in the second quarter, and 486,000 barrels in the third quarter.

In 2023, the country's average daily oil production was 503,000 b/d.