Azerbaijan Fully Fulfills Its Obligations to OPEC +

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In June 2020, the daily production of crude oil in Azerbaijan amounted to 553.8 thousand barrels. This was reported by the Ministry of Energy of Azerbaijan.

It should be noted that in May the daily oil production in the country amounted to 557.2 thousand barrels. Thus, in June compared with the previous month, oil production in Azerbaijan decreased by 3.4 thousand barrels or 0.61%.

At the same time, in June 434.7 thousand barrels of oil were produced at the Azeri-Chirag-Gunashli offshore block, and 119.1 thousand barrels were produced by other market participants (SOCAR and operating companies).

Under the OPEC + agreements, Azerbaijan has committed to reduce oil production by 164 thousand barrels from the level of October 2018. According to the results of June, 

Azerbaijan fully fulfilled its obligation, reducing production by 164.2 thousand barrels, the Ministry of Energy said.

Oil production table in Azerbaijan (barrels / day)

MonthsACGSOCAR and other extracting companiesCountry in general 
May437 600119 600557 200
June434 700119 100553 800


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