Azerbaijan produces 580,900 barrels of crude oil per day in January
Azerbaijan produces 580,900 barrels of crude oil per day in January
09:56     16 February 2022    
In January 2022, daily oil production (including condensate) in Azerbaijan amounted to 700,500 barrels, including 580,900 barrels' crude oil and 119,600 barrels' condensate, the Ministry of Energy told AZERTAC.
In January 2022, daily oil production (including condensate) in Azerbaijan amounted to 700,500 barrels, including 580,900 barrels' crude oil and 119,600 barrels' condensate, the Ministry of Energy told AZERTAC. The agreement reached at the 23rd Ministerial Meeting of OPEC+ envisages an increase in daily crude oil production in Azerbaijan by another 7,000 barrels to 661,000 barrels in January 2022 and a commitment to cut the output by 57,000 barrels.
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Editor's note: Eugene Chausovsky is a senior analyst at the Newlines Institute. Chausovsky previously served as senior Eurasia analyst at the geopolitical analysis firm Stratfor for more than 10 years. His work focuses on political, economic, and security issues pertaining to Russia, Eurasia, and the Middle East.