In July 2021, the volume of oil production (including condensate) amounted to 717 thousand barrels in Azerbaijan.
The Ministry of Energy of Azerbaijan said that 606 thousand barrels are crude oil and 111 thousand barrels of condensate.
According to the new "Declaration of Cooperation" adopted by the OPEC + countries in April this year, the oil production volume for Azerbaijan in July was set at 98,000 barrels. Daily production in the country increased by 10 thousand barrels in June, which amounted to 620 thousand barrels in July.
The OPEC + countries agreed last month that oil production would increase by 400 thousand barrels per day from August.
