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.
Ukrainian President Volodymyr Zelenskyy has proposed a temporary ceasefire with Russia until a direct meeting with President Vladimir Putin can be arranged, as recent peace talks in Istanbul made only modest progress.
Iran and Uzbekistan have signed a memorandum of understanding (MOU) aimed at expanding bilateral cooperation in transit and logistics infrastructure, marking a significant step in strengthening regional trade routes.
Chinese Foreign Minister Wang Yi met with U.S. Ambassador David Perdue on Tuesday in a meeting that underscored both the hope for improved bilateral relations and the mounting strain over critical mineral exports.
Azerbaijani authorities have deported three foreign nationals accused of organizing illegal religious activities in violation of national laws, according to a joint statement issued by the State Security Service and the State Migration Service on Tuesday.
Sixteen NATO allies, providing more than 40 ships, 25 aircraft and approximately 9,000 personnel, will take part in the 54th iteration of Baltic Operations, or BALTOPS 25.
Brazil’s economy is expected to have regained momentum in the first quarter of 2025, driven by a surge in household spending and private investment, according to a Reuters poll of economists conducted from May 21–26.
As peace talks progress, voices from Yerevan, Tbilisi, and Baku reveal hopes, concerns, and expectations for a future shaped by trade, trust, and generational change in the South Caucasus.
In a major blow to one of President Donald Trump’s key economic policies, a US federal court has blocked the administration’s sweeping global tariff regime, ruling that the White House overstepped its constitutional authority.
A bridge collapse in the Vygonichsky district of Russia’s Bryansk region, near the Ukrainian border, caused a train derailment and a traffic accident early Sunday, killing at least seven people and leaving 30 injured, according to emergency services.
Ukraine’s Security Service (SBU) has confirmed it carried out a third targeted attack against the Crimean Bridge, also known as the Kerch Bridge, early Tuesday morning, marking a new escalation in the ongoing conflict with Russia.
China on Wednesday sharply criticized U.S. Republican presidential candidate and Secretary of State Marco Rubio over his remarks commemorating the 1989 Tiananmen Square protests, accusing the United States of “distorting historical facts” and attacking China’s political system.
Kazakhstan and Kyrgyzstan have agreed to coordinate efforts in monitoring and controlling locust infestations along their shared border, as concerns mount over potential threats to regional agriculture.
A vibrant cultural exchange fair celebrating the rich traditions of Kazakhstan and China drew large crowds to Abai Square in Almaty this week, offering visitors an immersive experience into the music, cuisine, and crafts of both nations.
Azerbaijan and China are exploring expanded cooperation to increase the number of container block trains traversing the Middle Corridor, a vital East-West freight route linking China with Europe via Central Asia and the South Caucasus.
A devastating drought gripping parts of China’s key wheat-growing regions has severely cut harvest yields for many farmers, raising fresh concerns about agricultural resilience in the world’s largest wheat producer.
Ukrainian President Volodymyr Zelenskyy has proposed a temporary ceasefire with Russia until a direct meeting with President Vladimir Putin can be arranged, as recent peace talks in Istanbul made only modest progress.
Iran and Uzbekistan have signed a memorandum of understanding (MOU) aimed at expanding bilateral cooperation in transit and logistics infrastructure, marking a significant step in strengthening regional trade routes.
Chinese Foreign Minister Wang Yi met with U.S. Ambassador David Perdue on Tuesday in a meeting that underscored both the hope for improved bilateral relations and the mounting strain over critical mineral exports.
Azerbaijani authorities have deported three foreign nationals accused of organizing illegal religious activities in violation of national laws, according to a joint statement issued by the State Security Service and the State Migration Service on Tuesday.
Sixteen NATO allies, providing more than 40 ships, 25 aircraft and approximately 9,000 personnel, will take part in the 54th iteration of Baltic Operations, or BALTOPS 25.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment