“Azerbaijan considers cooperation as part of OPEC+ successful, the goals are achieved, and we expect to continue this successful cooperation,” Shahbazov said.
In December 2016, at a meeting of oil producers in Vienna, 11 non-OPEC member countries (including Azerbaijan) agreed to cut the oil production by a total of 558,000 barrels a day. The agreement was concluded for the first half of 2017 and was extended until the end of the first quarter of 2018 at a meeting on May 25, 2017.
At the last OPEC meeting in Vienna, the agreement was again extended until the end of 2018. Azerbaijan supported the decision.
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