Azerbaijan fulfils its obligation on output cut

In accordance with the Vienna agreement reached by OPEC and non-OPEC countries, Azerbaijan has submitted the data on oil output for January 2018 to the Joint Technical Commission of the Joint Monitoring Committee.
 
According to Energy Ministry, in January Azerbaijan produced 759,700 b/d of crude oil and 54,900 b/d of condensate, exported 624,200 b/d of crude oil, 54,900 b/d of condensate and 14,300 b/d of oil products.
 
Average production by Azerbaijan in 2017 made up 782,900 barrels of oil per day in accordance with the agreement on keeping daily output at 834,000 barrels per day.
 

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