Accra:Average daily crude oil production in Azerbaijan reached 448,000 barrels in September, marking an increase of 6,000 barrels compared to August. This information comes from the monthly report of the Organization of the Petroleum Exporting Countries (OPEC).
According to Azeri-Press news agency, Azerbaijan’s oil production for the first nine months of the year showed varying figures 454,000 barrels in the first quarter, 456,000 barrels in the second quarter, and 449,000 barrels in the third quarter. Notably, production decreased by 7,000 barrels in the third quarter.
In 2025, Azerbaijan’s average daily crude oil production was 461,000 barrels, which was 20,000 barrels lower than in 2024. Azerbaijan participates in the OPEC+ agreement, which includes both OPEC member states and non-OPEC countries in an effort to reduce oil production. Under this agreement, Azerbaijan’s production quota is set at 551,000 barrels per day until the end of 2026, indicating that September’s production was 103,000 barrels per day below this quota.