Daily oil production in Azerbaijan amounted to 750, 6 thousand barrels in February

In February, daily oil production in Azerbaijan amounted to 750,6 thousand barrels, including 667,4 thousand barrels’ crude oil and 83,2 thousand barrels’ condensate. Daily export of crude oil constituted 530,3 thousand barrels, while export of condensate and oil products accounted for 79,6 thousand and 12,4 thousand barrels respectively.

Azerbaijan has completely fulfilled its commitment to maintain the daily production at 769,000 barrels.

The Ministry of Energy presented data on daily oil production in February to the Joint Technical Commission of the Joint Monitoring Committee of OPEC.

It should be mentioned that according to the agreement  reached at the 7th OPEC and non-OPEC ministerial meeting held on December 6, the commitment for Azerbaijan was set as 27,000 barrel. Implementation of the “Declaration of Cooperation” will be completed by the end of March 2020.