BAKU, Azerbaijan, June 11
By Leman Zeynalova – Trend:
Azerbaijan’s oil supply (excluding condensates) stood at 0.59 million barrels per day in May 2021, unchanged from April 2021, Trend reports with reference to the International Energy Agency (IEA).
The country’s compliance with OPEC+ agreement in May 2021 was 116 percent, according to the IEA report.
The target for the May, June and July 2021 is 0.60, 0.61 and 0.62 million barrels per day, respectively.
The daily oil production (with condensate) in Azerbaijan amounted to 674,000 barrels in May 2021, according to the Azerbaijani Ministry of Energy.
Around 586,000 barrels of this volume accounted for crude oil while 88,000 barrels for condensate.
The average daily production of crude oil in Azerbaijan will be maintained at 603,000 barrels in May, 610,000 barrels in June and 620,000 barrels in July in accordance with the latest OPEC+ decision.
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