Azerbaijan’s Oil Output Reached 447,000 Barrels per Day in October, 104,000 Below Its Quota
Key Facts
Azerbaijan’s average daily oil output was 447,000 barrels in October 2026, 104,000 barrels per day below the country’s quota of 551,000 under the OPEC+ agreement, according to the organization’s monthly update, as reported by Report.az on November 11. This put actual output below the level set for the country during the month. The average also fell by 4,000 barrels per day compared with September, according to the same source. The quota remains at 551,000 barrels per day through the end of 2026, according to Azerbaijan’s Ministry of Energy. October’s figure comes amid production averages below the quota in the first three quarters of the year.
On a month-on-month basis, October’s average was 4,000 barrels per day below September’s. This comparison shows the direction of change between the two months without altering the fact that actual output remained below the annual quota. The reported monthly update did not give a reason for the decline. By contrast, the quota figure provides a fixed benchmark for comparison over the remainder of the year, as the Ministry of Energy said the level of 551,000 barrels per day would remain stable through year-end. October’s change therefore combined a modest monthly decline with a gap of 104,000 barrels per day from the set level.
The first three quarters’ averages show daily output at 454,000 barrels in the first quarter of 2026, then 456,000 in the second quarter, before falling to 450,000 in the third quarter, according to data reported by Report.az, citing OPEC’s update. The average rose between the first and second quarters, then declined in the third. October’s average, at 447,000 barrels per day, was below the third-quarter average of 450,000. These figures provide a timeline for October output, while covering different periods. They also place the latest monthly average after three quarters whose averages ranged from 450,000 to 456,000 barrels per day.
The Ministry of Energy’s data for January to September provide a separate breakdown between crude oil and condensate: average crude output was 446,000 barrels per day, while average condensate output was 101,000 barrels per day. These figures cover the first nine months of 2026 and do not represent October’s average. OPEC’s update put oil output at 447,000 barrels per day in October. On an annual comparison, average crude output in 2025 was about 460,000 barrels per day, while average output including condensate reached 571,000 per day, according to the ministry. The distinction between crude and condensate reflects the different scope of the figures the ministry reported for the two periods.
In November 2025, Azerbaijan announced its support for keeping crude production stable through the end of 2026, alongside the adoption of a mechanism to assess maximum sustainable production capacity. The Ministry of Energy said this assessment would be used as a benchmark for setting baseline oil production levels in 2027. This places the stable quota during 2026 within a framework that extends to discussions about levels for the following year. Energy Minister Parviz Shahbazov said the OPEC+ regulation mechanism plays an important role in maintaining stability in the global oil market. October’s figure shows Azerbaijan’s recorded production level relative to its quota for the month.