Azerbaijan fulfilled its commitments under OPEC plus in April

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Azerbaijan fulfilled its commitments under OPEC plus in April
In April 2021, daily oil production (including condensate) in Azerbaijan amounted to 698 thousand barrels, Including 594 thousand barrels’ crude oil and 104 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 during this period. The daily crude oil production will be kept at the level of 595 thousand barrels. 
 
According to the agreements made at the 15th and 16th Ministerial Meeting of the OPEC plus countries, production quotas for Azerbaijan for next 3 months were determined .  The new production commitments of Azerbaijan  will make up as 115 thousand barrels for May, 108 thousand barrels for June and 98 thousand barrels for July. Throughout the country, the crude oil production will be maintained at 603 thousand barrels in May, 610 thousand barrels in June and 620 thousand barrels in July respectively.  The daily crude oil production will be increased by 8 thousand barrels in May, 7 thousand barrels in June and 10 thousand barrels in July.







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