Last year, the new OPEC+ deal was concluded, in which the countries of the cartel cut production by 800,000 barrels per day, and non-OPEC countries - by 400,000 per day. Following the meeting of the ministers of OPEC and non-OPEC in Vienna this July, the agreement on limiting oil production was extended until the end of the first quarter of 2020.

Azerbaijan’s burgeoning oil and gas sector still accounts for a huge share in the country’s GDP.

Azerbaijan has submitted data on the country's daily oil production for February 2019 to the Joint Technical Commission (JTC) of the OPEC monitoring committee, Trend reports referring to the Energy Ministry.

Azerbaijan has submitted data on the country's daily oil production for January 2019 to the Joint Technical Commission (JTC) of the OPEC monitoring committee, as part of the implementation of the Vienna Agreement on production cut, Trend reports referring to the Energy Ministry on Feb.11.