Parviz Shahbazov, Azerbaijan’s Energy Minister, met with Haitham Al Ghais, Secretary General of the Organization of the Petroleum Exporting Countries (OPEC), on the sidelines of the Baku Energy Week.
During the meeting, both sides expressed satisfaction with Azerbaijan’s cooperation under the OPEC+ format. They highly valued the country’s role in stabilizing the oil market. Amid growing global energy demand, the two also emphasized the importance of continued investment in hydrocarbons, including oil.
Key Topics Discussed
Azerbaijan has been a consistent participant in OPEC+ agreements, helping to moderate oil production in alignment with global supply-demand dynamics. The cooperation has helped stabilize prices and provided a platform for dialogue between oil-producing nations.
OPEC also invited Azerbaijan to participate in the OPEC International Seminar, scheduled for July 2025, where global energy leaders will meet to discuss market strategies, investment policies, and the evolving role of fossil fuels.
The meeting underscores Azerbaijan’s dual-track energy policy: maintaining its position as a reliable oil producer while simultaneously scaling up renewable energy projects, which are expected to attract up to $2 billion in investment in the coming years.
Kazakhstan's Energy Minister Yerlan Akkenzhenov met with OPEC Secretary General Haitham AlGhais in Astana today, reiterating the nation's strong commitment to the Declaration of Cooperation and joint efforts to ensure a stable global oil market.
Leaders from around the world, including the President of the EU Commission Ursula von der Leyen, will come together today to address the global challenges and opportunities of speeding up the clean energy transition.
Oil prices rose on Wednesday, driven by tighter supply from OPEC members and Russia, alongside stronger-than-expected U.S. job data indicating economic growth and higher oil demand.
U.S. and Iranian officials have engaged in dialogue amid recent regional tensions, with Washington expressing cautious optimism about the outcome.
New research highlights that naturally-regenerating forests, often overlooked in climate policies, could remove carbon up to eight times faster than newly planted trees.
Azerbaijan has been elected Chair of the UN Environment Programme’s key decision-making body, marking a first for the country and strengthening its role in global environmental policy.
The UK will buy 12 F-35A jets capable of carrying tactical nuclear weapons.
Airlines have cancelled and rerouted flights across the Middle East as the Israel-Iran conflict escalates.
Iran launched 18 ballistic missiles late Sunday targeting the U.S. military’s Al-Udeid Air Base in Qatar, the largest American installation in the Middle East.
Iranian missiles struck multiple locations across Israel and neighbouring regions early Friday morning, including a Microsoft office complex, according to emergency responders and local media reports.
A high-speed tram derailment in central Gothenburg, Sweden, has left at least eight people injured late on Thursday (19 June), after the vehicle slammed into a snack bar on Avenyn Avenue.
Wizz Air has suspended all flights to and from Tel Aviv, Israel, and its European services to Amman, Jordan, effective immediately until 15 September due to escalating situation in the Middle East. Also, the air carrier temporarily suspended its flights between Astana, Kazakhstan, and Abu Dhabi.
China has unveiled a mosquito-sized bionic drone designed for covert military operations and battlefield reconnaissance, marking a major advance in micro-robotics and stealth technology as part of the country’s growing focus on next-generation warfare capabilities.
Turkmenistan’s Foreign Minister Rashid Meredov and U.S. Secretary of State Marco Rubio held a phone conversation on 24 June 2025, exchanging views on a broad range of bilateral and international issues.
China’s annual “Two Sessions” meetings, held from March 4 to 11, offered fresh insight into the country's climate and energy outlook for 2025.
The 11th MINEX Central Asia Forum took place in Tashkent under the theme “Forging Central Asia's Role in Global Critical Minerals Security”, gathering stakeholders from across the region to explore collaboration and investment opportunities in the mining and critical minerals sector.
Tajikistan and Qatar are exploring ways to strengthen their bilateral relationship, focusing on expanding cooperation in economics, trade, and investment.
Uzbekistan and Russia have signed a new agreement to explore the construction of a large-capacity nuclear power plant, while also revising plans for a previously announced small modular nuclear power plant (SMR).
U.S. and Iranian officials have engaged in dialogue amid recent regional tensions, with Washington expressing cautious optimism about the outcome.
New research highlights that naturally-regenerating forests, often overlooked in climate policies, could remove carbon up to eight times faster than newly planted trees.
Azerbaijan has been elected Chair of the UN Environment Programme’s key decision-making body, marking a first for the country and strengthening its role in global environmental policy.
The UK will buy 12 F-35A jets capable of carrying tactical nuclear weapons.
Airlines have cancelled and rerouted flights across the Middle East as the Israel-Iran conflict escalates.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment