IEA: Azerbaijan’s April oil output falls 70,000 barrels short of OPEC+ quota

Energy
  • 15 May, 2025
  • 14:28
IEA: Azerbaijan’s April oil output falls 70,000 barrels short of OPEC+ quota

Azerbaijan's daily oil production in April 2025 totaled 0.49 million barrels, according to the International Energy Agency (IEA), Report informs.

This marks a slight increase from 0.48 million barrels recorded in March 2025.

IEA analysts estimate that Azerbaijan’s April production fell 70,000 barrels per day short of its planned quota under the OPEC+ agreement.

Meanwhile, earlier OPEC figures indicated that Azerbaijan’s daily oil output was 0.468 million barrels, missing the target by 83,000 barrels per day.

Under the terms agreed upon at the 37th meeting of OPEC+ ministers, Azerbaijan’s official production quota for 2025 stands at 0.551 million barrels per day.