BAKU, Azerbaijan, September 14. Azerbaijan’s oil supply (excluding condensates) stood at 0.55 million barrels per day in August 2022, as compared to 0.56 million barrels per day in July 2022, Trend reports with reference to the International Energy Agency (IEA).
At the same time, Azerbaijan’s production target for August 2022 stood at 0.72 million barrels per day.
At the 30th Ministerial Meeting of OPEC and non-OPEC countries on 30 June 2022, Azerbaijan also supported the decision to increase daily oil production by 648,000 barrels in August.
Azerbaijan has been reducing oil output every month as part of the OPEC+ deal. The country overfulfills production quotes each month under this agreement.
Azerbaijan’s daily oil production for September is set at 718,000 barrels, as the 31st OPEC and non-OPEC Ministerial Meeting decided to adjust upward the production level for OPEC+ by 0.1 million barrels per day for the month of September 2022.
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