BAKU, Azerbaijan, August 9. Oil production amounted to 500,000 b/d in Azerbaijan in July 2023, Trend reports.
According to the Platts review conducted by S&P Global Commodity Insights, Azerbaijan's quota for oil production under the OPEC+ deal was 684,000 b/d as of July.
Thus, Azerbaijan lagged behind the OPEC+ quota by 184,000 b/d in July.
In June 2023, Azerbaijan's daily oil production (including condensate) was 610,000 barrels, of which 500,000 barrels were crude oil and 110,000 barrels were condensate.
OPEC is a permanent intergovernmental organization of 13 oil-exporting developing countries that coordinates and unites their respective petroleum policies.