Azerbaijan lags OPEC+ quota by 186,000 bpd in August

BAKU. Sept 19 (Interfax) – Azerbaijan produced 498,000 barrels of oil per day in August 2023 versus 499,000 bpd in July 2023, the country’s Energy Ministry told Interfax.

Azerbaijan produced 620,000 barrels of oil with condensate per day in August versus 621,000 bpd in July, with oil output accounting for 498,000 bpd and condensate accounting for 122,000 bpd.

Azerbaijan’s quota for oil production under the OPEC+ deal is 684,000 bpd until the end of 2023, meaning that Azerbaijan was 137.3% in compliance with the deal in August, implying a lag of 186,000 bpd.

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