At the 34th meeting of the ministers of the Organization of the Petroleum Exporting Countries (OPEC) member and non-member countries held online, Azerbaijan also agreed to keep the decision adopted in October 2022 in force.

Axar.az was informed about this by the Ministry of Energy of Azerbaijan.

Thus, the obligations of the participating countries of the "Declaration of Cooperation" determined by the quotas in August of the current year are kept stable. Azerbaijan's commitment to cutbacks is 33,000 barrels per day, and its daily crude oil production quota is 684,000 barrels.

It was agreed to hold the next meeting of the ministers of OPEC+ countries on June 4 next year.