BAKU, Azerbaijan, July 13. Azerbaijan’s oil supply (excluding condensates) stood at 0.52 million barrels per day in June 2022, as compared to 0.57 million barrels per day in May 2022, Trend reports with reference to the International Energy Agency (IEA).
The country’s compliance with OPEC+ agreement in June 2022 was 884 percent, according to the IEA report.
The target for June 2022 was 0.7 million barrels per day.
At the 29th Ministerial Meeting of OPEC and non-OPEC countries, Azerbaijan also supported the decision to increase daily oil production by 648,000 barrels in July.
In according to the quotas set for July, the daily crude oil production in Azerbaijan is expected to increase by 10,000 barrels reaching to 706,000 barrels, and the commitment to reduce to 12,000 barrels.