Azerbaijan complied with OPEC+ oil output cuts in April

Aze.NewsEnergy10 May 202155 Views

FILE PHOTO: A 3D-printed oil pump jack is seen in front of displayed OPEC logo in this illustration picture, April 14, 2020. REUTERS/Dado Ruvic/Illustration/File Photo

“In April 2021, daily oil production (including condensate) in the country amounted to 698,000 barrels. Of these, 594,000 barrels were crude oil and 104,000 barrels were condensate,” the ministry said.

Under the deal, the country is set to further reduce oil production by 115,000 barrels per day in May, 108,000 in June, and 98,000 in July. During this period, Azerbaijan should maintain the production of crude oil at 603,000, 610,000 and 620,000 barrels per day, respectively.

Aze.Media

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