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.
Türkiye has reinforced its strategic partnership with Hungary, aiming to expand cooperation in trade, energy, defense, and innovation....
Georgia is entering one of the most consequential phases of its foreign policy in years....
Paramount Skydance (PSKY.O) has launched a $108.4 billion hostile takeover bid for Warner Bros Discovery (WBD.O). The escalation follows a high-stakes...
A tsunami of up to three meters (10 feet) could hit Japan’s northeastern coast following a powerful earthquake with an estimated magnitude of 7.6 th...
On December 8, an official welcome ceremony was held for President Ilham Aliyev of Azerbaijan in Bratislava, Slovakia. The ceremony took place at the ...
As OPEC marks its 65th anniversary, the organisation reflects on its role in shaping global energy, promoting stability, and ensuring oil remains vital for economic growth and energy security worldwide.
Kazakhstan will remain part of the OPEC+ oil production deal but is opening talks to revise contracts with foreign investors at its largest oil and gas fields, Prime Minister Olzhas Bektenov said on Tuesday.
OPEC expects improved economic performance in H2 2025 to support oil demand, with high refinery intake driven by summer travel and resilient growth in key markets.
Oil prices climbed on Wednesday, maintaining their highest levels since 23 June, lifted by recent attacks on shipping in the Red Sea, along with concerns over steep U.S. tariffs on copper and a forecast for lower U.S. oil production.
A coup attempt by a “small group of soldiers” has been foiled in Benin after hours of gunfire struck parts of the economic capital Cotonou, officials said on Sunday.
A delayed local vote in the rural Honduran town of San Antonio de Flores has become a pivotal moment in the country’s tightest presidential contest, with both campaigns watching its results as counting stretches into a second week.
FIFA releases the 2026 World Cup schedule with match dates, venues, and key fixtures. See when host nations USA, Mexico, and Canada play and get an overview of group stage and knockout rounds.
A tsunami of up to three meters (10 feet) could hit Japan’s northeastern coast following a powerful earthquake with an estimated magnitude of 7.6 that occurred offshore on Monday, according to the Japan Meteorological Agency (JMA).
Lava fountains shot from Hawaii’s Kīlauea volcano from dawn to dusk on Saturday, with new footage showing intensifying activity at the north vent.
Georgia is entering one of the most consequential phases of its foreign policy in years.
On December 8, an official welcome ceremony was held for President Ilham Aliyev of Azerbaijan in Bratislava, Slovakia. The ceremony took place at the Presidential Palace, where a guard of honor was lined up to greet the Azerbaijani president.
Uzbekistan, Kyrgyzstan and Tajikistan have begun upgrading cross-border electricity transmission lines to increase regional power capacity, a move announced after high-level meetings in Tashkent and confirmed by officials in Bishkek.
Azerbaijan's Minister of Foreign Affairs Jeyhun Bayramov held both a tête-à-tête and an extended-format meeting with Seyed Abbas Araghchi, the Foreign Minister of Iran, in Baku on Monday (8 December).
Iranian Foreign Minister Abbas Araghchi left Tehran for Baku on Sunday (7 December) evening to hold talks with Azerbaijan’s President and Foreign Minister.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment