Azerbaijan falls short of OPEC+ quota by 65,000 bpd in Nov - Energy Ministry

BAKU. Dec 11 (Interfax) - Oil production in Azerbaijan in November 2024 totaled 486,000 barrels per day compared to 482,000 bpd in October, the country's Energy Ministry said.

"In November 2024, Azerbaijan's daily production of oil and condensate totaled 608,000 barrels (601,000 barrels in October). Oil accounted for 486,000 barrels and condensate for 122,000 barrels (119,000 barrels in October)," the ministry said.

Azerbaijan's oil production quota under the OPEC+ agreement for 2024 is set at 551,000 bpd. Azerbaijan thus fell short of its quota by 65,000 bpd in November.