Azerbaijan's August oil output trails OPEC+ target by 150,000 bpd

Azerbaijan produced 400,000 barrels of oil per day in August this year.

According to Report, citing the International Energy Agency's (IEA) monthly update, output was 44,000 barrels per day lower than in July.

IEA analysts estimated that Azerbaijan's oil production in August was 150,000 barrels per day below the level envisaged under the OPEC+ agreement.

Azerbaijan's oil production quota under the OPEC+ agreement stands at 551,000 barrels per day for this year.