BAKU, Azerbaijan, January 12. Daily crude oil production in Azerbaijan amounted to 482,000 barrels in December 2023, Trend reports.
The data of the Ministry of Energy of Azerbaijan shows that daily oil production (including condensate) amounted to 604,000 barrels in December 2023. Of these, 482,000 barrels were crude oil and 122,000 barrels of condensate.
Azerbaijan's commitment under OPEC+ cooperation until the end of 2023 is to lower output by 33,000 barrels per day, with a daily crude oil production quota of 684,000 barrels.
Azerbaijan's quota is set at 551,000 barrels of crude oil per day beginning in the first quarter of January 2024.