Baku: A meeting took place between the Energy Minister of Azerbaijan, Parviz Shahbazov, and the Secretary General of the Organization of the Petroleum Exporting Countries (OPEC), Haitham Al-Qais, during the Baku Energy Week, as reported by the Ministry of Energy.
According to Azeri-Press News Agency, the meeting highlighted mutual satisfaction with the ongoing cooperation between Azerbaijan and OPEC+ and acknowledged Azerbaijan’s significant role in stabilizing the oil market. The discussions underscored the necessity of continued investments in hydrocarbons, including the oil sector, amid the rising global demand for energy resources. OPEC Secretary General praised the Azerbaijani President Ilham Aliyev’s strategic policies concerning energy development.
The dialogue further delved into the trends influencing the global oil market, evaluating the adherence levels of production commitments by both OPEC and non-OPEC members, and examined the future positioning of oil in the global energy framework. Additionally, Azerbaijan received an invitation to participate in the upcoming OPEC International Seminar scheduled for July.