• $
  • €
  • ₽
  • ₺
  • £

OPEC invites Azerbaijan to Vienna meeting

OPEC invites Azerbaijan to Vienna meeting
25.10.2016 13:01
Azerbaijan has received an official invitation to the OPEC High Level Committee Meeting on the implementation of Algerian agreements, to be held in Vienna in late October, head of the press service of Azerbaijan’s Energy Ministry Zamina Aliyeva told Trend Oct. 24.

She said Azerbaijan intends to accept the invitation and participate in the meeting.

"The invitation came today, on Oct. 24, and it will be a meeting of the relevant ministers of OPEC and non-OPEC countries,” Aliyeva said. "The meeting will be held in Vienna October 28-31. If nothing unforeseen happens, Azerbaijani Energy Minister Natig Aliyev will leave for Vienna.”

OPEC agreed to limit oil production in the range of 32.5-33 million barrels of oil per day at an informal meeting in Algeria on September 28. However, there is no agreement on specific limits for each of the OPEC member-state.

A final decision must be made at the OPEC official meeting in Vienna on November 30.

The organization expects a number of other oil-producing countries, especially Russia, to join the measures to stabilize the market.

www.ann.az
Similar news
Similar news
32 AI-powered teams compete in virtual football tournament
Business 15:41
32 AI-powered teams compete in virtual football tournament
Azerbaijan central bank plans no new restrictions on Bank Melli Iran
Business 15:00
Azerbaijan central bank plans no new restrictions on Bank Melli Iran
Azerbaijan central bank backs banks’ limits on card transactions
Business 14:30
Azerbaijan central bank backs banks’ limits on card transactions
Reach your goal, earn extra interest: A new deposit from Yelo Bank
Business 14:17
Reach your goal, earn extra interest: A new deposit from Yelo Bank
Net Remittance Inflows to Azerbaijan Surge 70% to $830.5 Million
Business 13:30
Net Remittance Inflows to Azerbaijan Surge 70% to $830.5 Million
Azerbaijan’s central bank cuts 2026 inflation forecast to 5.9% from 6.1%
Business 13:00
Azerbaijan’s central bank cuts 2026 inflation forecast to 5.9% from 6.1%
Natural Gas Futures Edge Lower on NYMEX
Business 12:30
Natural Gas Futures Edge Lower on NYMEX
Central Bank of Azerbaijan Holds Refinancing Rate Steady at 6.5%
Business 11:30
Central Bank of Azerbaijan Holds Refinancing Rate Steady at 6.5%
Gold and Silver Futures Edge Down on COMEX
Business 11:00
Gold and Silver Futures Edge Down on COMEX
Anews TV

Our official Youtube channel

Subscribe