Azerbaijan agreed to adopted in March at the 25th meeting of ministers of member countries and nonsense organization of oil exporters (OPEC) decision on the continuation of the plan for increasing the daily oil production by 400 thousand barrels.
A new agreement provides for an increase in daily mining of crude oil in Azerbaijan in March 2022, another 7 thousand barrels up to 675 thousand barrels, and an obligation to reduce – by 43 thousand barrels.
Recall that at the 19th meeting of OPEC + ministers held in July last year, it was decided to make a monthly increase in the daily mining of crude oil from August to 400 thousand barrels, which made it possible to increase oil production by 5.8 million barrels in A day, as well as the decision that the reduction in volumes in the barrels should be completed in September 2022.