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IEA: Azerbaijan lagged behind OPEC+ quota by 110,000 barrels per day in May
Energy
- 17 June, 2026
- 13:27
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In May 2026, Azerbaijan's oil production averaged 440,000 barrels per day, Report informs, citing the International Energy Agency (IEA).
According to the IEA's monthly statistics, this represents a decline of 10,000 barrels per day (2.2%) compared to April.
IEA analysts calculated that Azerbaijan's May output was 110,000 barrels per day below the OPEC+ quota.
Under the OPEC+ agreement, Azerbaijan's 2026 production quota is set at 551,000 barrels per day.
Author
IEA: Azərbaycan mayda "OPEC+" kvotasından gündəlik 110 min barel geri qalıb
МЭА: Азербайджан в мае отстал от квоты ОПЕК+ на 110 тыс. б/с
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