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Azerbaijan’s Oil Production Fell 5% In Feb YoY

OIL

Azerbaijan’s crude oil output fell by 5% year on year to 648kbpd of oil in February, the Energy Ministry said.

  • This was also down from 652kbpd in January, ministry data show.
  • Oil exports in Jan-Feb stood at 4.1mn tons of crude, down from 4.42mn tons a year earlier.
  • The country agreed to keep crude production at no more than 684kbpd in February as part of the OPEC+ supply deal, the ministry said.

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