OPEC invites Azerbaijan
OPEC offered Azerbaijan to join the organization
Azerbaijan and OPEC
Azerbaijan to cut oil production
Azerbaijan is expected to adjust its crude production to 551,000 barrels per day throughout 2024. The overall crude oil production level for both OPEC and non-OPEC countries will be set at 40.46 mb/d, as the block agreed, following 35th …
Azerbaijan overfulfills obligations under OPEC+ deal
Azerbaijan produced 684,100 barrels of oil per day, including condensate in February 2022, of which 566,300 barrels accounted for crude oil and 117,800 barrels were condensate, according to the country’s Energy Ministry. In …
Azerbaijan supports OPEC+ decision to increase daily oil production
Azerbaijan supported the decision to increase daily oil production by 400,000 barrels in March 2022, which had been adopted at the 25th meeting of ministers of the member countries of the Organization of the Petroleum Exporting Countries (OPEC) …
Azerbaijan and OPEC discuss future cooperation
Azerbaijani Foreign Minister Jeyhun Bayramov and Secretary-General of the Organization of Petroleum Exporting Countries (OPEC) Mohammed Barkindo have discussed prospects of cooperation in Vienna, Austria, the ministry reported. …
Azerbaijan overfulfills obligations under OPEC+ deal
Azerbaijan produced 708,400 barrels of oil per day, including condensate in November 2021, of which 588,900 barrels accounted for crude oil and 119,500 barrels were condensate, according to the country’s Energy Ministry. In …
Azerbaijan approves new OPEC+ oil output cut deal
OPEC+ nations have signed an agreement on daily oil production cuts by 9.7 million barrels for a term of two months, Kazakhstan’s energy ministry said. "After the online ministerial meeting of the OPEC+ and non-OPEC+ …
OPEC+ expresses gratitude to Azerbaijan
The OPEC and non-OPEC countries fulfilled their obligations to reduce oil production, according to the Joint Ministerial Monitoring Committee (JMMC) communiqué, seen by Vestnik Kavkaza. The 13th meeting of the OPEC/non-OPEC …
OPEC Secretary General to visit Azerbaijan this week
OPEC Secretary General Mohammad Barkindo will pay an official visit to Azerbaijan at the end of this week. The visit is scheduled for March 17-19, the Azerbaijani Energy Ministry said. "As part of the visit, it is …
Azerbaijan ready to support OPEC deal extension
Azerbaijan will support the extension of the OPEC+ agreement, if the decision is made, Azerbaijan's Energy Minister Parviz Shahbazov said today. According to him, Baku always takes the fulfillment of undertaken …
Azerbaijan ready to extend oil output cut deal
Azerbaijani Energy Minister Natig Aliyev will attend the OPEC's meeting on May 24-25 in Vienna, the spokesperson for the Azerbaijani energy ministry, Zamina Aliyeva, said. Azerbaijan is ready to …
Azerbaijan ready to support extension of oil output cut deal
Azerbaijan's Energy Minister Natig Aliyev said that Baku would support the extension of the global oil output cut deal if it was agreed. "I think that December’s decision had impact on the market and oil …
Natig Aliyev doubts OPEC to agree on output freeze.
Azerbaijan's Energy Minister Natig Aliyev doesn't believe that the oil producing countries will be able to reach any certain agreement on output freeze. "I do not believe that countries will be able to …
