At the 34th OPEC+ Ministerial Meeting held online, Azerbaijan also agreed to keep the decision taken in October 2022 in force, APA reports citing the press service of Energy Ministry.
Thus, the obligations of the countries participating in the "Declaration of Cooperation", defined in relation to their quotas in August of this year, remain unchanged. Azerbaijan's commitment to cut is 33,000 bpd and its daily crude oil production quota is 684,000 bpd.
The next OPEC+ ministerial meeting will be held on June 4 next year.
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