The decision of OPEC plus for June envisages daily production of 695 thousand barrels in Azerbaijan

At the 28th Ministerial Meeting of OPEC and non-OPEC countries, Azerbaijan also supported the decision to increase daily oil production by 432 thousand barrels in June. 

In according to the quotas set for June, the daily crude oil production in Azerbaijan is expected to increase by 7 thousand barrels reaching to 695 thousand barrels, and the commitment to reduce to 23 thousand barrels.

It should be noted that according to the decision adopted at the 19th Ministerial Meeting of OPEC plus held in July last year, the increase in daily crude oil production with partial adjustments to the base level will be applied from May 2022.