In June, Azerbaijan plans to compensate for the non-fulfillment of its obligations under the OPEC+ deal in May, which amounted to 2%, and further reduce production, Angi reports.
Earlier, the Ministry of Energy of Azerbaijan reported that the country fulfilled its obligations under OPEC+ deal in May by more than 98%.
“We always fulfill our obligations. In June, we will compensate about 2.5 thousand barrels for one hundred percent fulfillment of our obligations under the OPEC+ deal in May,” said Minister of Energy of the Republic Perviz Shahbazov.
The minister also called for expanding the OPEC+ alliance.
“The situation on the world oil market, the results, the importance of the role of OPEC+ shows the need for its expansion,” he said.
Recall that the OPEC+ countries agreed to extend the deal to reduce oil production by another month – until early August.
Earlier it was reported that ExxonMobil may sell its stake in the largest field in Azerbaijan.
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