SOCAR President Receives OPEC's Secretary General
Date
6/20/2023 3:07:59 AM
(MENAFN- AzerNews) On June 19, 2023, the President of the State Oil Company of the
Republic of Azerbaijan (SOCAR) Rovshan Najaf met with Secretary
General of the Organization of the petroleum Exporting Countries
(OPEC) Haitham Al Ghais, Azernews reports, citing
SOCAR.
At the meeting, satisfaction was expressed with the long-term
effective cooperation between Azerbaijan and OPEC, and it was
stated that mutual relations are developing successfully.
It was brought to attention that the OPEC+ format created at the
call of Azerbaijani President Ilham Aliyev, is of strategic
importance, and in this regard, it makes a valuable contribution to
the regulation of oil markets and ensuring the balance between
supply and demand.
Within the framework of the meeting, the importance of
sustainably increasing hydrocarbon production with clean
technologies was emphasized. In this regard, it was pointed out
that SOCAR attaches special importance to the application of
low-emission and innovative technologies.
At the meeting, the current situation and future forecasts of
the global oil markets, prospects of cooperation between SOCAR and
OPEC were reviewed, and other issues of mutual interest were
discussed.
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