ECONOMY


Azerbaijani energy minister to attend 6th OPEC and non-OPEC ministerial meeting in Vienna

Baku, June 29, AZERTAC

Azerbaijan’s Energy Minister Parviz Shahbazov will be visiting the Austrian capital of Vienna at the invitation of OPEC Secretary General Mohammad Barkindo to attend the 15th meeting of the Joint Ministerial Monitoring Committee of OPEC and non-OPEC countries, and 6th OPEC and non-OPEC Ministerial Meeting in Vienna.

The 6th OPEC and non-OPEC Ministerial Meeting will focus on the issue of crude oil production levels for the second half of the year.

OPEC and non-OPEC members agreed in Vienna on December 7, 2018, to cut daily crude oil production by 1.2 million barrels for the next six months to try to influence higher oil prices. The Declaration of Cooperation which was signed to jointly reduce oil production is effective till the first half of 2019.

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