27 April 2018

Minister: Non-OPEC states agreed on oil production

Home page Economy
12 Punto 14 Punto 16 Punto 18 Punto

Non-OPEC states agree to cut oil production by 558,000 barrels per day, - Azerbaijan’s Energy Minister Natig Aliyev said, commenting on the results of the meeting of OPEC and Non-OPEC states in Vienna. informs, quoting the APA, according to N. Aliyev, the meeting was positive; it’s agreed a declaration on cooperation between OPEC member countries and countries outside the cartel. According to him, the country's OPEC meeting reaffirmed the commitment of the obligation to keep the total daily production volume at the level of 32.5 million barrels.

"The meeting was attended by representatives of 11 countries. These countries agreed to reduce oil production by 558 thousand barrels per day from January 1, 2017. Under the agreement, Azerbaijan will reduce daily production volume of 35 thousand barrels. For Russia, this figure is set at 300 thousand barrels" - the minister said.

Natig Aliyev added that to control the execution of the agreement adopted by the planned creation of the Monitoring Committee under the leadership of Russia and Kuwait, "OPEC member countries and countries outside the cartel agreed to meet regularly to ensure the continued oil market price stability. Not present at the meeting, other countries outside OPEC have also received an invitation to join the agreement”.

2016.12.10 / 22:56
See also

European Central Bank keeps interest rates unchanged

Russian banking to lose $1.6bn on US bans

Residential complex for employees of PA to be launched

Iranian central bank bans use of cryptocurrencies

Minister: Azerbaijan’s joining OPEC is not on agenda

Bloomberg pledges $4.5m for Climate change

Bitcoin on track of recovery, surges back to $9,000

Porsche executive arrested in ongoing diesel probe

Merkel and Trump may discuss Nord Stream 2

TANAP will be ready to give gas to TAP in June 2019

Xocalı soyqırımı — 1992-ci il Bağla
Bize yazin Bağla