Azerbaijan behind OPEC+ quota by 169,000 bpd in March

BAKU. April 13 (Interfax) - Oil production in Azerbaijan in March 2023 amounted to 515,000 bpd compared with 531,000 bpd in February 2023, the nation's Energy Ministry told Interfax-Azerbaijan.

"In March 2023, Azerbaijan's daily oil production with condensate amounted to 632,000 barrels, of which oil production accounted for 515,000 barrels and condensate for 117,000 barrels," the agency said.

As of March, Azerbaijan's oil production quota under the OPEC+ deal was 684,000 bpd. Thus, Azerbaijan's compliance with the OPEC+ deal was 132.8% in March.