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Azerbaijan fulfilled 109% its commitments under OPEC plus in December

12 January 2022 13:01 (UTC +04:00)

In December of the previous year, daily oil production (together with condensate) in Azerbaijan was 717,6 thousand barrels, the Ministry of Energy told APA-Economics.

During the reporting period, 597,1 thousand barrels of production made up crude oil, while 120,5 thousand barrels of it was condensate.

Note that within the framework of the agreement adopted in the 22nd meeting of ministers of OPEC+ countries, it was envisaged to raise the production of daily oil crude in Azerbaijan 7 thousand barres and to keep at 654 thousand barrels, while the reduction commitment was expected to be 64 thousand barrels

So, Azerbaijan fulfilled almost 108,7% of its commitment within the framework of OPEC+ in December.