The Azerbaijani representatives are invited to Vienna for a meeting of the Organization of Petroleum Exporting Countries (OPEC). In addition to them on October 21 there will be present 7 countries outside the oil cartel - the Russian Federation, Kazakhstan, Brazil, Colombia, Norway, Mexico and Oman.
According to the Oil Minister of Venezuela Eulogio del Pino, the initiator of such a meeting in the extended format, it will be a technical meeting of experts on oil. "The proposal of the Latin American side about the upcoming summit OPEC + non OPEC will be discussed at a meeting of OPEC in October," commented this message Kuwaiti Oil Minister Ali Al-Omair.
This is not a new initiative - formerly Russian Energy Minister Alexander Novak said that his country is ready to meet with OPEC and its member producers to discuss the market and 'fair prices for oil." --17D-
Economics
-
The Central Bank of Azerbaijan (CBA) has approved the "Green Taxonomy," according to a decision by its Board of Directors on November 13.
-
Azerbaijan's state oil and gas company, SOCAR, has signed a joint development agreement with Bulgaria’s "Asarel Energy," part of the Asarel Medet holding group. The agreement was signed on November 13 during the COP29 summit in the presence of the Presidents of Azerbaijan and Bulgaria, Ilham Aliyev and Rumen Radev.
-
Saudi Electricity CEO Khalid Al-Hamidi and Baba Rzayev, Chairman of Azerbaijan's state-owned energy company Azerenergy, signed a memorandum of understanding (MoU) on Wednesday during the COP29 summit in Baku. The agreement, inked after a high-level meeting between Azerbaijan's Minister of Energy and his Saudi counterpart in the event’s Blue Zone, aims to enhance cooperation on integrating renewable energy into Azerbaijan’s power grid.
-
The CEO of ICGB, the operator of the Greece-Bulgaria Interconnector (IGB), Theodor Georgieva, underscored the critical role of Azerbaijan and other gas suppliers to the European Union in the event of a potential cessation of Russian gas deliveries through Ukraine, speaking to journalists on the sidelines of COP29 in Baku.
Leave a review