Daily oil production in Azerbaijan for September amounted to 755 thousand barrels

Daily oil production in Azerbaijan for September amounted to 755 thousand barrels
  • Clock-gray 10:46
  • calendar-gray 11 October 2019

Daily oil production for September in Azerbaijan became 755 thousand barrel, Azerbaijani Energy Ministry told APA Economics.

683 thousand barrel of the production was crude oil, while 72 thousand barrel was condensate. 560 thousand barrel crude oil, 68 thousand barrel condensate, 6,2  thousand barrel oil products were exported daily.

Azerbaijan fully carried out its commitments by decreasing production by 20 thousand barrel in a day in the framework of the agreement on maintenance of oil production in the amount of 776 thousand barrel.

Note that average daily oil production became 767 thousand barrels in January- September of the current year.

Ministry of Energy has presented the reports about daily oil production during September to the Joint Technical Committee of the OPEC Joint Monitoring Committee.

Note that Cooperation declaration signed on December 7, 2018, due to the reduction of daily oil production by OPEC plus 1.2 million barrels per day has been extended from July 1 this year to the end of the first quarter of 2020.

APA-Economics

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