Azerbaijan produced daily 554,1 thousand barrels of oil in July

Azerbaijan produced daily 554,1  thousand barrels of oil in July
  • Clock-gray 11:16
  • calendar-gray 08 August 2020

As of July 2020, daily oil (including condensate) production in Azerbaijan was 650,1 thousand barrels. 554,1 thousand barrels of this was crude oil, while 96 thousand barrels was condensate, Ministry of Energy told APA-Economics.

435,1 thousand barrels of crude oil was extracted from from “Azeri-Chirag-Guneshli” block of fields, while 119 thousand barrels were produced by SOCAR company (Azneft Production Unit, JV and Operation Company).

 

In the framework of the process of reduction by 9,7 mln. barrels of the level of daily oil production as of October, 2018 under the OPEC plus agreement, in July, Azerbaijan decreased daily crude oil production by 163.9 thousand barrels.

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