Azerbaijan’s daily oil production amounts to 683,000 barrels
  • ECONOMY

  • 15:37 11 May 2019

Azerbaijan’s daily oil production amounts to 683,000 barrels

Daily oil production in Azerbaijan amounted to 683,000 barrels in April, ONA reports citing the Ministry of Energy.

Of this, 605,000 barrels are crude oil and 78,000 barrels are condensate.

390,000 barrels of crude oil, 75,000 barrels of condensate and 19,000 barrels of oil products were exported daily.

“In line with agreement on maintaining daily oil production at 776,000 barrels, Azerbaijan fulfilled its commitment by reducing production by 20,000 barrels per day. Average daily oil production in January-April this year amounted to 770,000 barrels. The Ministry of Energy presented daily oil production data for March to the Joint Technical Commission of the OPEC Joint Monitoring Committee.”

On December 7, 2018, at the 5th  OPEC and non-OPEC meeting in Vienna, an agreement was reached to reduce the oil production to 1.2 million barrels per day.

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