Azerbaijan produced an average 447,000 barrels of crude oil a day in October, down 4,000 barrels from September, according to OPEC’s November monthly report.
The figures were also reported by Report.az and APA.az.
Output Was 104,000 Barrels Below the OPEC+ Quota
Azerbaijan’s production level under the OPEC+ agreement is set at 551,000 barrels a day through the end of 2026. October output was 104,000 barrels below that level.
The OPEC+ quota sets the maximum permitted production volume, not a required minimum. The gap therefore does not by itself indicate a breach of the agreement.
Production Remains Below Last Year’s Average
Azerbaijan produced an average 454,000 barrels of crude oil a day in the first quarter of 2026, 456,000 barrels in the second quarter and 450,000 barrels in the third quarter.
The 2025 average was 461,000 barrels a day, 20,000 barrels below the 2024 level. October 2026 production was another 14,000 barrels below last year’s average.
OPEC’s figures cover crude oil only. They are not directly comparable with total liquid hydrocarbon production data, which also include gas condensate.
Source: Vesti Baku.