IEA talks on level of Azerbaijan's implementing OPEC agreement

In July this year, Azerbaijan fulfilled the OPEC agreement on reducing oil production by 1,301%, Report informs referring to the monthly IEA Oil Market Report-OMR.

In July this year, daily oil production in Azerbaijan amounted to 560,000 barrels. This is 40,000 barrels, or 7.7% more than in June.

The forecast for oil production in Azerbaijan for July was 710,000 barrels.

In July of this year, Russia fulfilled the OPEC agreement to reduce oil production by 719%, and Kazakhstan by 1,007%.

On the whole, OPEC member countries in July fulfilled the agreement by 359%, and non-OPEC countries - by 800%.