12:57 - 6.12.2018
December 6, Fineko/abc.az. Energy Minister Parviz Shahbazov of Azerbaijan and Minister of Energy, Industry & Natural Resources Khalid Abdulaziz Al Falih of Saudi Arabia conducted negotiations in Vienna.
The Ministry of Energy reports that during the meeting the factors causing changes in oil prices, short- and medium-term prospects, the state of supply and demand in the market were discussed.
"The ministers exchanged views on price stabilization and production restrictions to ensure a balance, noted the need to continue cooperation between OPEC and non-OPEC countries in 2019," the MoE said in a statement.
The ministers also covered the possibility of expanding energy cooperation between the two countries.
To date, the Agency for the Development of Small & Medium-sized Businesses (KOBIA) has received more than 1,400 applications for establishment of a business in the liberated territories, including nearly 500 applications from foreign companies.
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The State Real Estate Service and Association for Foreign Economic Relations “Azerterminalcomplex” of the State Customs Committee for the first time held a joint auction for the sale of goods and vehicles seized at customs and transferred to state ownership.
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