Azerbaijan and OPEC

Azerbaijan overfulfills obligations under OPEC+ deal

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 and OPEC discuss future cooperation

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 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

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

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 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 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

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 …

Natig Aliyev doubts OPEC to agree on output freeze.

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 …