Officials from more than 20 oil producing countries have agreed on a roadmap aimed at strengthening international oil industry cooperation at a meeting in Azerbaijan.
Delegates from OPEC countries and beyond established a work plan for the Charter of Cooperation (CoC), a platform agreed to by many oil producing nations in 2019, aimed at advancing their common interests.
The blueprint covers market fundamentals, energy dialogue, technology, innovation, investment, policies and regulations, as well as industrial standards.
OPEC Secretary Haitham al-Ghais, who chaired the meeting on Wednesday in Baku, said the oil-producing nations had reaffirmed their commitment to increased cooperation.
“The participating countries’ commitment to further unlocking the full potential of the CoC has once again been clearly evident today," he said.
The meeting built on the outcomes of the 40th OPEC and non-OPEC Ministerial Meeting held in November 2025, which approved the CoC framework and tasked the OPEC Secretary with developing a work plan and translating it into programmes to achieve the CoC's aims. The next Technical Committee meeting is scheduled for the end of September.
Azerbaijan’s Energy Minister Parviz Shahbazov, who chaired the event, said by hosting the meeting, Baku had reaffirmed its role in helping maintain stability in international oil markets.
“Holding the inaugural meeting of the Technical Committee of the Charter of Cooperation in Baku—the cradle of the modern oil industry—is a clear recognition of Azerbaijan’s role in global energy cooperation, as well as the trust and reputation it has earned as a reliable and responsible partner within the OPEC+ framework.
“We are confident that this meeting will make a meaningful contribution to further strengthening dialogue and mutual trust within OPEC+, preserving stability and predictability in the global oil market, and advancing long-term cooperation among participating countries.”
Peace. Prosperity. New political forces. A technology-driven economy. Following Armenia’s parliamentary election, AnewZ took to the streets of Yerev...
Officials from more than 20 oil producing countries have agreed on a roadmap aimed at strengthening international oil industry cooperation at a meetin...
As the 2026 Fifa World Cup tournament draws to a close, there’s much to anticipate and yet so much to look back at. ...
Peace. Prosperity. New political forces. A technology-driven economy. Following Armenia’s parliamentary election, AnewZ took to the streets of Yerevan to ask people how they imagine their country five years from now.
As the 2026 Fifa World Cup tournament draws to a close, there’s much to anticipate and yet so much to look back at.
At least 11 people have been killed and 19 injured in a fire at an orphanage on the outskirts of the Algerian capital, state media reported. The blaze broke out early on Thursday at the institution in the eastern suburbs of Algiers.
President Ilham Aliyev has reaffirmed Azerbaijan's support for an independent Palestinian state during talks with Palestinian Prime Minister Mohammad Mustafa in Baku on Wednesday (15 July).
U.S. President Donald Trump announced the reimposition of a U.S. naval blockade on all Iranian ports and warned that power plants and bridges could be targeted next week unless Tehran returns to negotiations.
The United States carried out a third consecutive night of airstrikes against Iran, targeting military capabilities around the Strait of Hormuz as Donald Trump announced the reinstatement of a blockade on Iranian shipping and proposed a 20% fee on cargo passing through the strategic waterway.
The death toll from the fire at a live music pub in Bangkok has climbed to 32 after two more victims died from their injuries, according to Thailand's Police Hospital.
Ukraine and Russia exchanged fresh attacks on Tuesday, with Kyiv targeting shipping and energy infrastructure inside Russia while Moscow launched another large-scale missile and drone assault on Ukrainian cities.
The U.S. military announced that it has completed a new wave of strikes against Iranian military targets under U.S. President Donald Trump's orders. The operation targeted command centres, air defence systems, missile and drone facilities, and coastal surveillance sites across multiple locations.
Peace. Prosperity. New political forces. A technology-driven economy. Following Armenia’s parliamentary election, AnewZ took to the streets of Yerevan to ask people how they imagine their country five years from now.
President Ilham Aliyev has reaffirmed Azerbaijan's support for an independent Palestinian state during talks with Palestinian Prime Minister Mohammad Mustafa in Baku on Wednesday (15 July).
The Armenian government has advanced the ratification process for the Framework Agreement on Strategic Cooperation with the United States on the Trump Route for International Peace and Prosperity (TRIPP) project, taking the next formal step towards its entry into force.
Azerbaijan and UN-Habitat have signed a cooperation agreement to support sustainable urban development in the East Zangezur Economic Region. The partnership will focus on designing smart, resilient and inclusive settlements in Azerbaijan’s liberated territories.
Azerbaijan is moving to speed up and simplify trade with partner countries along the Middle Corridor by expanding its Single Window information system.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment