Azernews.Az

By Trend

Next month, the indicators of Azerbaijan’s compliance with the OPEC+ agreement to reduce oil production will be even better, the Azerbaijani Energy Minister Parviz Shahbazov said at a press conference following the meeting of the OPEC/non-OPEC Joint Ministerial Monitoring Committee (JMMC) in Baku, Trend reports.

"For two and a half years Azerbaijan has exceeded its obligations under the OPEC+ agreement. Last December, we made new commitments. We remain committed to our obligations. Following the results of the 1H2019, Azerbaijan will completely fulfill its obligations under OPEC+. Next month there will be even better results," the minister said.

Both meetings of OPEC+, which were held on March 17-18 in Baku, were successful, he noted.

"Azerbaijan, as an active participant in the OPEC+ format, has always contributed to the successful implementation of joint efforts to preserve the balance in the oil market. Azerbaijan will fully support this agreement in the future," the minister added.