Azerbaijan fulfilled its commitments under OPEC plus in January

In January 2020, daily oil production (including condensate) in Azerbaijan amounted to 752 thousand barrels, including 593 thousand barrels’ crude oil and 159 thousand barrels’ condensate.
 According to the Declaration of Cooperation, Azerbaijan, where oil production amounted to 718 thousand barrels of crude oil per day in October 2018, should maintain the daily crude oil output at 595 thousand barrels by reducing 123 thousand barrel in January 2021.
At the 13th Ministerial Meeting of the OPEC plus countries on 5 January, it was decided to continue the existing quotas on daily crude oil production in February-March. According to the new agreement, the daily crude oil production of OPEC plus countries will be 7 million and 125 thousand barrels in February and 7 million and 50 thousand barrels in March. Azerbaijan's commitment of 123 thousand barrels in January this year will remain unchanged in February-March.