17:24 - 12.08.2026

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August 12, Fineko/abc.az. According to the Organization of the Petroleum Exporting Countries' (OPEC) monthly report, Azerbaijan's average daily crude oil production reached 453,000 barrels in July of this year.

Daily oil output decreased by 4,000 barrels compared to June. Under the "OPEC+" agreement, Azerbaijan's daily production quota for 2026 is set at 551,000 barrels, leaving July's actual output 98,000 barrels below the required target.

Production Breakdown:

• 2026 Dynamics: Average daily crude oil production stood at 454,000 barrels in Q1 and 457,000 barrels in Q2.

• 2025 Quarterly Comparison: In 2025, daily production averaged 466,000 bpd in Q1, 461,000 bpd in Q2, 459,000 bpd in Q3, and 458,000 bpd in Q4.

• Annual Benchmark: For the full year 2025, Azerbaijan’s average daily oil output was recorded at 461,000 barrels.