Azerbaijan overfulfilled obligations under OPEC+ deal in August

Azerbaijan exceeded its obligations under the OPEC+ deal in August 2020, reducing daily oil production by 133,400 barrels, Angi reports.

"Azerbaijan reduced the daily oil production to 584.6 thousand barrels in August, exceeding the obligations under the OPEC+ deal," the Ministry of Energy said.

In general, according to the Ministry, in August, daily production together with condensate amounted to 669.1 thousand barrels. Of this volume, 584.6 thousand barrels accounted for oil, 84.5 thousand barrels for condensate. Of the total daily production of 460.4 thousand barrels, oil was produced at the Azeri-Chirag-Gunashli contract fields. The State Oil Company of Azerbaijan Republic (SOCAR) produced 124.2 thousand barrels.

Tags: contracts, oil, legislation, energy market, авиатопливо, добыча нефти, drilling, коронавирус, Oil refinery plant, foreign affairs, OPEC+, OPEC, agreement, oil products, oil deliveries, well, field, gasoline, energy sector, quarantine, pandemic, oil pipeline, decline in production, oil companies, oil reserves, crisis, economy, oil production, supplier, consumers

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