BAKU, Azerbaijan, April 9. The average daily production of oil and condensate in Azerbaijan rose to 605,000 barrels in March 2024 from 598,000 barrels in February, Trend reports via the Ministry of Energy.
Out of this total volume, 481,000 barrels consisted of crude oil (compared to 476,000 barrels in February), while 124,000 barrels were attributed to condensate (compared to 122,000 barrels per day in February).
Following the agreement reached at the 36th ministerial meeting of OPEC+ countries, Azerbaijan's production quota for crude oil in 2024 has been set at 551,000 barrels per day.