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Daily oil production in Azerbaijan for July amounted to 778 thousand barrels

14 August 2019 12:12 (UTC +04:00)

Oil production for July in Azerbaijan became 778 thousand barrel, Azerbaijani Energy Ministry told APA Economics.

704 thousand barrel of the production was crude oil, while 74 thousand barrel was condensate. 500 thousand barrel crude oil, 70 thousand barrel condensate, 29 thousand barrel oil products were exported daily.

Note that average daily oil production became 771,7 thousand barrels in January- July of the current year.

Ministry of Energy has presented the reports about daily oil production during July 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.