logo

Azerbaijan Increased Production Due to Condensate Growth in April

Views: 256

The daily oil production for April 2020 amounted to 771.4 thousand barrels.

According to the Azerbaijani Ministry of Energy, of this amount, 679.8 thousand barrels came from crude oil, and 91.6 thousand barrels came from condensate.

“It should be noted that in April Azerbaijan was relieved of its obligations under OPEC + to reduce oil production to 769 thousand bpd,” the Ministry of Energy said.

  March 2020 April 2020 April 2019
Production 763.9 771.4 683.0
Including
Oil 683.7 679.8 605
Condensate 80.2 91.6 78
Export 510.6 749.9 484.0
Including
Oil 418.9 640.3 390.0
Condensate 76.2 86.0 75.0
Oil products 15.5 23.6 19.0

Starting May 1, 2020, Azerbaijan, in the framework of the OPEC + agreements, pledged to reduce oil production by 164 thousand barrels per day from the October figures (718 thousand bpd) of 2018.

That is, in May-June 2020, the volume of oil produced in Azerbaijan should not exceed 554 thousand bpd, not counting the volume of condensate.

0

Your Cart