Azerbaijan produced 717,600 barrels of oil (including condensate) per day in December 2021, reported from the Ministry of Energy.

Of this, 597,100 barrels were crude oil, while 120,500 barrels – condensate.

Under the "Declaration of Cooperation" adopted at the 22nd meeting of OPEC+ ministers, Azerbaijan was to cut the production by 64,000 barrels per day in December and increase the daily crude oil output by 7,000 barrels to 654,000 barrels per day compared to November.


The agreement reached at the 23rd ministerial meeting 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 reduce the output by 57,000 barrels.

www.anews.az