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In March 2020, daily oil production in Azerbaijan amounted to 763,9 thousand barrels, including 683,7 thousand barrels’ crude oil and 80,2 thousand barrels’ condensate. Daily export of crude oil constituted 418,9 thousand barrels, while export of condensate and oil products accounted for 76,2 thousand and 15,5 thousand barrels respectively.
Azerbaijan has completely fulfilled its commitment to maintain the daily production at 769,000 barrels according to the agreement reached at the 7th OPEC and non-OPEC ministerial meeting held on December 6, 2019.
The Ministry of Energy presented data on daily oil production in March to the Joint Technical Commission of the Joint Monitoring Committee of OPEC.
It should be mentioned that implementation of the “Declaration of Cooperation” was completed by 31 March 2020. Tomorrow the 9th Ministerial Meeting of OPEC and non-OPEC countries will be held in video conference format.