Azerbaijan announced the level of fulfillment of the daily oil production quota in November

Business 14:44 15 Dec, 2022
Azerbaijan announced the level of fulfillment of the daily oil production quota in November

Azerbaijan announced the level of fulfillment of the daily oil production quota in November
In November of this year, the daily production of oil (including condensate) in Azerbaijan was 669,000 barrels.

Qazet.az report  about this with reference to the Ministry of Energy.

It is reported that 550,000 barrels of crude oil, and 119,000 barrels of condensate.

It should be noted that according to the decision adopted at the 33rd meeting of the ministers of the "OPEC plus" countries, daily crude oil production in Azerbaijan was supposed to be reduced from the level of August, i.e. 717 thousand barrels, to 684 thousand barrels in November.

In general, OPEC countries reduced oil production by 744 thousand barrels per day in November compared to October, reaching 28.83 million barrels.

The total production of the countries that joined the "OPEC+" agreement decreased by 683 thousand barrels per day and amounted to 24.49 million barrels. If we take into account that their allowed quota under the "OPEC+" agreement is 25,416 million barrels per day, the deviation from the plan under the agreement was 0.94 million barrels per day.