The Azerbaijan State News Agency

ECONOMY

Azerbaijan`s Minister of Energy to participate in OPEC meeting in Vienna

26.11.2018 [11:28]
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Baku, November 26, AZERTAC

Azerbaijan’s Energy Minister Parviz Shahbazov will participate in the 175th meeting of the Council of Ministers of OPEC countries in Vienna, the ministry of energy reported.

The meeting is expected to take a decision on reducing the production on OPEC. The meeting will also review the processes that take place in the oil market during the past 174th meeting of the OPEC Ministerial Council.

The meeting will also discuss the situation of demand and proposal in the oil market on the backdrop of US sanctions against Iran, the continuation of cooperation between the OPEC and non-OPEC countries after the Vienna agreement, which will be completed by the end of this year, Russia's joining the OPEC as an observer country.