2024-06-08 15:04:54
Azerbaijani Vitality Minister Parviz Shahbazov took half within the thirty seventh assembly of ministers of the Group of Petroleum Exporting International locations (OPEC), which was held on-line.
Day.Az was knowledgeable about this by the Ministry of Vitality of Azerbaijan.
Azerbaijan supported the choice taken on the assembly to increase the validity of the present “Declaration of Cooperation” from January 1, 2025 to December 31, 2025.
The brand new determination supplies for sustaining the present stage of crude oil manufacturing in OPEC+ nations subsequent 12 months and lengthening till November 2025 the interval for evaluation of the manufacturing capability of the alliance nations by three impartial sources. Based mostly on these knowledge, quotas for 2026 will probably be decided. Based on the brand new determination, subsequent 12 months the every day quota for crude oil manufacturing in Azerbaijan within the quantity of 551 thousand barrels will stay unchanged.
The following OPEC+ assembly is scheduled for December 1.
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