Daily crude oil production in Azerbaijan amounted to 585.9 thousand barrels in October

In October 2021, daily oil production (including condensate) in Azerbaijan amounted to 704.4 thousand barrels, including 585.9 thousand barrels’ crude oil and 118.5 thousand barrels’ condensate.

It should be noted that the decision adopted at the 20th OPEC Ministerial Meeting envisaged bringing daily crude oil production in Azerbaijan to 640 thousand barrels in October and setting the reduction commitment as 78 thousand barrels.

Within the agreement adopted at the 21st Ministerial Meeting, Azerbaijan's commitment to reduce production was 71 thousand barrels per day in November. This makes possible an increase in daily crude oil production in Azerbaijan by 7,000 barrels in November to reach 647,000 barrels.