Azerbaijan fully implemented OPEC+ obligation in December

Azerbaijan fully implemented OPEC+ obligation in December
  • Clock-gray 17:29
  • calendar-gray 11 January 2021

In December of 2020, daily oil production (with condensate) has been 688,8 thousand barrels in the country. 587 thousand barrels of it were crude oil, while 101,8 thousand barrels were condensate.

According to the "Declaration of Cooperation", Azerbaijan, which daily crude oil production was 718,000 barrels in October 2018,  had to reduce crude oil production by 131,000 barrels per day in August-December 2020, Azerbaijan, to 587,000 barrels.

Thus, in December, Azerbaijan fulfilled its OPEC + commitment by 100%, producing an average of 587,000 barrels per day of OPEC + crude oil.

Emil Ismayilov

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