Baku/18.01.19/Turan: The OPEC + (JMMC) ministerial committee on monitoring the implementation of the transaction will be held in Baku on March 17-18, press-release of the Azerbaijani Energy Ministry. The same information was confirmed by OPEC.
"OPEC + calls on the participating countries to increase their efforts to fully and timely fulfill their obligations in adjusting the volume of supply in order to be confident that the market will be balanced in 2019," the report said.
In 2018 Azerbaijan produced an average of 792.6 thousand barrels of oil, but by agreement with OPEC + will reduce the volume to 776 thousand b/s .-- 0--
Politics
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On January 7, the Baku Court of Grave Crimes began an investigation into the case of the activist of the Popular Front Party of Azerbaijan (PFPA) Mehman Aliyev, who is accused of illegal drug trafficking.
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On January 7, the head of state, Ilham Aliyev, gave an interview to local TV channels. As of 18:00, the content of the interview had not been published.
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In late December, the Nakhchivan Court for Serious Crimes concluded the trial of former Minister of Finance of the Nakhchivan Autonomous Republic (NAR), Rafael Aliyev, and former head of the Nakhchivan Customs Committee’s department, Mansur Askerov. Both were accused of embezzling state budget funds in collusion with others. In his testimony, Askerov revealed that illegal fees were being collected for cargo and from passengers. Sahat Habibbeyli, appointed head of Nakhchivan Customs in 2020, had instructed Askerov to include only a portion of the collected funds in the Transport and International Relations (TIR) program.
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The "Republican Alternative" Party (REAL) has proposed a program to reform local governance ahead of the municipal elections on January 29, aiming to expand opportunities for economic activity at the municipal level. The new program has been developed with consideration of the existing economic problems in the country. The government of Azerbaijan seeks to obtain external loans for its projects, the economic feasibility of which raises doubts.
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