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Azerbaijan Crude Production Slips to 612kbd in May

OIL

Azerbaijan pumped 612kbd of oil in May – down from 626kbd in April and 680kbd a year earlier.

  • May’s output was split 500kbd of crude and 112kbd of condensate.
  • Azerbaijans output is capped at 684kbd as part of OPEC+ commitments.
  • The country’s largest oil project – Azeri-Chirag-Gunashli – is in natural production decline.

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