Azerbaijan Oil Production Lags Behind OPEC+ Quota
Azerbaijan's average daily crude oil production stood at 440,000 barrels in July, according to the International Energy Agency (IEA).
This figure is unchanged from June and marks a shortfall of 111,000 barrels against Azerbaijan's OPEC+ quota for the month.
Under the OPEC+ agreement, Azerbaijan has committed to producing an average of 551,000 barrels per day until the end of 2026.