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Azerbaijan Oil Output Continued Decline In March

OIL

Azerbaijan produced 632kbpd of oil in March, down from 648kbpd in February, the Energy Ministry said.

  • Output fell from 696.4kbpd a year earlier.
  • Production last month comprised 515kbpd of crude and 117kbpd of condensate.
  • The country’s oil production is falling due to natural decline at its largest deposit of Azeri-Chirag-Gunashli.

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