Daily oil production in Azerbaijan amounted to 798 thousand barrel in March
  • ECONOMY

  • 17:59 10 April 2019

Daily oil production in Azerbaijan amounted to 798 thousand barrel in March

Daily oil production in Azerbaijan amounted to 798,000 barrels in March, Ministry of Energy of Azerbaijan told ONA.

Crude oil amounted to 714 000 barrels and condensate to84 000 barrels. 586,000 barrels of crude oil, 84,000 barrels of condensate and 19,700 barrels of oil products are exported daily. The Ministry of Energy presented data on daily oil production to the Joint Technical Commission of OPEC Joint Monitoring Committee.

Note that, average daily oil production during the first quarter of the current year amounted to 799,000 barrels. The 5th OPEC and non-OPEC Ministerial Meeting were held in Vienna, Austria, on December 7, 2018. The meeting participants decided to adjust the overall production by 1.2 million barrels per day, effective as of January 2019 for an initial period of six months. According to the decision, Azerbaijan agreed to reduce the daily oil production by about 20 thousand barrels since January 2019.

Aida Tinayeva

Tags: OPEC Ministry of Energy economy

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