at the 22nd meeting of the ministers of OPEC countries + was achieved agreement that the decision to increase the daily crude oil production by 400 thousand barrels per month from August to December 2021, adopted at the July meeting of ministers, will remain in force The Ministry of Energy of Azerbaijan said.
According to the Declaration on Cooperation, the obligations of Azerbaijan to reduce production in December will be 64 thousand barrels per day. That is, compared with November, Azerbaijan will increase the production of crude oil by 7 thousand barrels per day, retaining it at 654 thousand barrels.
Answering questions from journalists at a press conference held following the meeting, Minister of Energy of Azerbaijan Pyharviz Shahbazov said that today’s decision, as always, was made on the basis of consensus and relies on facts, research and analysis.
Next, 23rd meeting of ministers of OPEC countries + will be held on December 2