Daily crude oil production in Azerbaijan amounted to 588.9 thousand barrels in November

In November 2021, daily oil production (including condensate) in Azerbaijan amounted to 708.4 thousand barrels, including 588.9 thousand barrels' crude oil and 119.5 thousand barrels' condensate.

It should be noted that within the framework of the agreement adopted at the 21st OPEC Ministerial Meeting envisaged raising daily crude oil production in Azerbaijan 7 thousand more barrels and reaching 647 thousand barrels in November and setting the reduction commitment as 71 thousand barrels.

Within the agreement adopted at the 22nd Ministerial Meeting, Azerbaijan's commitment to reduce production was 64 thousand barrels per day in December. This makes possible an increase in daily crude oil production in Azerbaijan by 7,000 barrels in December to reach 654,000 barrels.