2024 Azerbaijan oil production quota set at 551,000 barrels per day under OPEC+ agreement.

The US Energy Information Administration (EIA) has revised its forecast for Azerbaijan's average daily oil and liquid hydrocarbon production for 2024-2025, predicting daily production to reach 610,000 barrels in 2021, increasing to 650,000 barrels in 2023, and further to 670,000 barrels in 2022. The country's oil production quota for 2024 is set at 551,000 barrels per day under the "OPEC+" agreement.

May 08, 2024
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