Oil and Condensate Production Decreased in Azerbaijan in March

Oil production in Azerbaijan in March 2021 amounted to 592.1 thousand b/d against 593 thousand b/d in February.

According to the Ministry of Energy of the Republic of Azerbaijan, in March 2021, the daily production of oil with condensate in Azerbaijan amounted to 734.8 thousand barrels, of which 592.1 thousand barrels is oil production, and 142.7 thousand barrels is condensate.

For March 2021, Azerbaijan’s oil production quota was 595,000 bpd. Thus, Azerbaijan fulfilled its obligations on oil production within the framework of the OPEC + deal in March by 100.5%.

Table of average daily production in Azerbaijan (in thousand barrels)

	Oil production	Condensate production
January	593,0	159,0
February	593,0	148,0
March	592,1	142,7

According to the Ministry of Energy, in the first quarter of 2021, the average daily production of oil with condensate in the country amounted to 742.6 thousand barrels; the average oil production amounted to 592.7 thousand b/d, and condensate – 149.9 thousand b/d.

Caspian Barrel