Oil production

OPEC crude oil production up in April

According to secondary sources, total OPEC-13 preliminary crude oil production averaged 30.41 million barrels per day (mb/d) in April, higher by 1.80 mb/d month-on-month, Trend reports citing OPEC’s Monthly Oil Market Report (MOMR
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SOCAR forecasts dividends from Shah Deniz

SOCAR’s (Azerbaijan’s State Oil Company) dividends from the development of the Shah Deniz field and gas export through the South Caucasus Pipeline (SCP) are expected to range from $75.69 million to $195.22 million depending on oil prices, Azerbaijan’s Chamber of Accounts told local media.
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