BAKU, Azerbaijan, June 17. Azerbaijan’s oil supply (excluding condensates) stood at 0.57 million barrels per day in May 2022, as compared to 0.58 million barrels per day in April 2022, Trend reports with reference to the International Energy Agency (IEA).
The country’s compliance with OPEC+ agreement in May 2022 was 491 percent, according to the IEA report.
The target for May 2022 was 0.69 million barrels per day.
At the 28th Ministerial Meeting of OPEC and non-OPEC countries, Azerbaijan also supported the decision to increase daily oil production by 432,000 barrels in June.
In according to the quotas set for June, the daily crude oil production in Azerbaijan is expected to increase by 7,000 barrels reaching to 695,000 barrels, and the commitment to reduce to 23,000 barrels.
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