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Azerbaijan January Output Lags OPEC+ Quota by 77kbpd

OIL

Azerbaijan’s crude oil production stood at 474kbpd last month, below its OPEC+ quota of 551kbpd according to a statement by the Energy Ministry.

  • Total oil output – crude and condensate – stood at 598kbpd in January, down from 652kbpd a year ago.

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