• $ 1.7
  • € 1.9776
  • ₽ 0.021807
  • ₺ 0.0393
  • £ 2.2772

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
Aliyev holds series of meetings in Davos
Business 11:00
Aliyev holds series of meetings in Davos
Azerbaijan’s fixed capital investment falls 5.6% in 2025
Business 17:30
Azerbaijan’s fixed capital investment falls 5.6% in 2025
Oil production halted at Kazakhstan’s largest field after power system issues
Business 17:00
Oil production halted at Kazakhstan’s largest field after power system issues
Yelo Bank concludes 2025 with robust growth in assets and deposits
Business 16:00
Yelo Bank concludes 2025 with robust growth in assets and deposits
Azerbaijan’s GDP grows 1.4% in 2025 — statistics agency
Business 15:30
Azerbaijan’s GDP grows 1.4% in 2025 — statistics agency
Silver prices hit all-time high, surging past $93 per ounce
Business 15:00
Silver prices hit all-time high, surging past $93 per ounce
Tax data point to economic growth in Azerbaijan
Business 14:00
Tax data point to economic growth in Azerbaijan
Brent oil prices steady as easing Iran tensions lower supply risks
Business 13:30
Brent oil prices steady as easing Iran tensions lower supply risks
Gold prices hover near record highs as global demand surges
Business 12:00
Gold prices hover near record highs as global demand surges
Anews TV

Our official Youtube channel

Subscribe