Azerbaijan uses its quota within OPEC agreement by almost 78%

In January 2023, Azerbaijan's daily oil production (including condensate) was 652,000 barrels (533,000 barrels of crude oil and 119,000 barrels of condensate).

Report informs, citing the Ministry of Energy, that Azerbaijan has thereby used its quota within the framework of the agreement on the deal to reduce OPEC+ production by 77.9%

Under the OPEC+ agreement, Azerbaijan's obligation to reduce daily production amounts to 33,000 barrels, and the oil production quota is 684,000 barrels.