Azerbaijan fulfilled its commitments under OPEC plus in February
In February 2020, daily oil production (including condensate) in Azerbaijan amounted to 741 thousand barrels, including 593 thousand barrels’ crude oil and 148 thousand barrels’ condensate.
It should be noted that at the 13th and 14th Ministerial Meeting of the OPEC plus countries, it was decided to continue the existing quotas on daily crude oil production in February, March, April. According to the decisions, Azerbaijan's commitment of 123 thousand barrels in January this year will remain unchanged. The daily crude oil production will be kept at the level of 595 barrels. In April, the daily crude oil production cuts of OPEC plus countries will make up 6,9 million barrels.
