SOCAR, OPEC Mull Future Cooperation, Hail Clean Technologies In Hydrocarbon Production
Date
6/19/2023 7:29:29 PM
(MENAFN- Trend News Agency) BAKU, Azerbaijan, June 19. President of
Azerbaijan's state oil company SOCAR Rovshan Najaf met with OPEC
Secretary General Haitham Al-Ghais, Trend reports with reference to
SOCAR.
They hailed the long-term effective cooperation between
Azerbaijan and OPEC, noting that bilateral relations are developing
successfully.
The sides pointed out that the OPEC+ format is of strategic
importance and makes a valuable contribution to regulating the oil
markets and ensuring a balance between supply and demand. SOCAR's
president and OPEC's secretary general emphasized the importance of
a sustainable increase in hydrocarbon production with the help of
clean technologies. In this regard, it was noted that SOCAR
attaches particular importance to the use of low-emission and
innovative technologies.
The meeting participants discussed the current state and
forecasts for world oil markets, the prospects for cooperation
between SOCAR and OPEC, as well as other issues of mutual
interest.
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