Azerbaijan fulfilled 109% of its OPEC+ commitment in November

Headlines 18:32 13 Dec, 2021

During the reporting period, 588,9 thousand barrels of hydrocarbons made up crude oil, while 119,5 thousand barrels of it was condensate

Azerbaijan fulfilled 109% of its OPEC+ commitment in November

In November of this year daily oil production (together with condensate) in Azerbaijan was 708,4 thousand barrels, the Ministry of Energy told Qazet.az.

During the reporting period, 588,9 thousand barrels of hydrocarbons made up crude oil, while 119,5 thousand barrels of it was condensate.

Note that within the framework of the agreement adopted in the 21st meeting of ministers of OPEC+ countries, it was envisaged to raise the production of daily oil crude in Azerbaijan 7 thousand more barrels and to reach 647 thousand barrels, while the reduction commitment was expected to be 71 thousand barrels.

So, Azerbaijan fulfilled almost 109% of its commitment within the framework of OPEC+ in November.