Energy Minister: Stability in the oil market is in interests of all oil producers


July 2, Fineko/abc.az. “The main mission facing the oil countries in an extraordinary situation is to ensure the functioning of the OPEC+ format as a sustainable and effective mechanism, and to fulfill obligations based on cooperation and solidarity.“

ABC.AZ reports that Azerbaijani Energy Minister Parviz made the relevant statement at an international conference.

He underlined that the stability in the oil market is a matter of the interests of all oil producers, and in this regard, it is important to expand the OPEC+ format with the involvement of other major oil producers: "As for the fulfillment of obligations, I believe that the three-month performance of the OPEC+ countries, including July, will be the basis for further steps. Azerbaijan is committed to its obligations and will continue to play an active role in the modern global energy system.”