Azerbaijan and OPEC discuss future cooperation
Azerbaijani Foreign Minister Jeyhun Bayramov and Secretary General of the Organization of the Petroleum Exporting Countries (OPEC) Mohammed Barkindo discussed cooperation prospects in Vienna, Austria, the ministry reported.
Speaking about the organization’s successful cooperation with Azerbaijan in the OPEC Plus format, Bayramov said that Azerbaijan is interested in continuing its partnership in this format.
He went on to say that under the leadership of Secretary General Mohamed Barkindo, successful steps in the OPEC Plus format had been taken which had stabilized world oil prices.
In turn, Barkindo expressed satisfaction with OPEC-Azerbaijan cooperation, recalling that Azerbaijani President Ilham Aliyev was the first leader of the World Economic Forum to call on all OPEC and non-OPEC countries to work together to stabilize the global oil market in 2016.
He pointed out that this initiative had generated wide debate in OPEC and non-OPEC countries and that the OPEC Plus format was quickly established in December 2016 with the support of the President of Azerbaijan.
According to the Secretary General, joint activities in the OPEC Plus format have contributed significantly to the stabilization of world oil prices.
In addition, the parties discussed other issues of common interest.