(MENAFN- Trend News Agency) BAKU, Azerbaijan, June 4 . Azerbaijan always
supports preventive measures of the OPEC+, Minister of Energy of
Azerbaijan Parviz Shahbazov said, trend reports.
“We adopted another decision serving for a balance and stability
in the global oil market within the OPEC+ format. Azerbaijan always
supports the preventive measures of the OPEC+, which minimise the
risks negatively affecting the development of the oil sector,” the
minister wrote on his Twitter page, commenting the decision made by
the block, following the 35th Ministerial Meeting held in Vienna
today.
Thus, the overall crude oil production level for both OPEC and
non-OPEC countries will be set at 40.46 mb/d, as the block
agreed.
Azerbaijan is expected to adjust its crude production to 551,000
barrels per day throughout 2024.
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