• $
  • £

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

SOCAR’s oil terminal in Georgia plans to increase cargo transshipment by 20%
Business 16:00
SOCAR’s oil terminal in Georgia plans to increase cargo transshipment by 20%
AGB Energi Group: Unified approach needed for development of Middle Corridor
Business 15:00
AGB Energi Group: Unified approach needed for development of Middle Corridor
Official Statement of Yelo Bank
Business 14:18
Official Statement of Yelo Bank
Wheat shipped to Armenia via transit through Azerbaijan
Business 14:00
Wheat shipped to Armenia via transit through Azerbaijan
“Qəhrəmanlar bağı” initiative implemented in Goygol
Business 12:00
“Qəhrəmanlar bağı” initiative implemented in Goygol
Azerbaijan’s strategic foreign exchange reserves rise 15.5% year-on-year
Business 18:00
Azerbaijan’s strategic foreign exchange reserves rise 15.5% year-on-year
ABB Bank announces the launch of the second stage of its bond issuance
Business 17:52
ABB Bank announces the launch of the second stage of its bond issuance
Nar Celebrates World Book Day inSalyan
Business 17:31
Nar Celebrates World Book Day inSalyan
Tech Women Empowerment: Bir Launches “Ctrl is hers” Program
Business 17:19
Tech Women Empowerment: Bir Launches “Ctrl is hers” Program
Anews TV

Our official Youtube channel

Subscribe