Azerbaijan is expected to adjust its crude production to 551,000 barrels per day throughout 2024.
The overall crude oil production level for both OPEC and non-OPEC countries will be set at 40.46 mb/d, as the block agreed, following 35th Ministerial Meeting held this weekend.
Earlier, OPEC predicted Azerbaijan's liquids supply for 2023 to rise by 37,000 b/d to average 0.7 mb/d.
Meanwhile, daily crude oil production in Azerbaijan in April 2023 amounted to 512,000 b/d. The country’s daily oil production, including condensate, reached 626,000 b/d.
