• $
  • €
  • ₽
  • ₺
  • £

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
Abortion Rates in Azerbaijan Rise 21.9% in 2025, Statistics Committee Reports
Business 16:59
Abortion Rates in Azerbaijan Rise 21.9% in 2025, Statistics Committee Reports
Armenian Deputy PM Visits Syunik for Trump Route Infrastructure Planning
Business 14:30
Armenian Deputy PM Visits Syunik for Trump Route Infrastructure Planning
Azerbaijan Sets Target for Transition to Electric Stoves in Residential Buildings
Business 14:00
Azerbaijan Sets Target for Transition to Electric Stoves in Residential Buildings
Brent surges to $110.84, WTI reaches $98.64
Business 13:00
Brent surges to $110.84, WTI reaches $98.64
Azeri Light crude climbs to $119.70 per barrel
Business 12:30
Azeri Light crude climbs to $119.70 per barrel
Gold drops to $4,106 per ounce on COMEX
Business 12:00
Gold drops to $4,106 per ounce on COMEX
Euro climbs to 1.9113, ruble advances further
Business 11:30
Euro climbs to 1.9113, ruble advances further
Enjoy more affordable data packs with Azercell MiFi and Wi-Fi devices
Business 11:26
Enjoy more affordable data packs with Azercell MiFi and Wi-Fi devices
Confirming transfers in Birbank with SİMA İmza is now more convenient
Business 11:02
Confirming transfers in Birbank with SİMA İmza is now more convenient
Anews TV

Our official Youtube channel

Subscribe