Baku / Follow-up to the morning
Looking Energy Minister of Azerbaijan Aliyev, speaking today with his Saudi counterpart Khaled al-Faleh to extend a cut in oil production agreement in order to balance the crude market Alaalmih.ooaln Energy Minister of Azerbaijan Aliyev, speaking yesterday that his country will support the extension of the reduction of world oil production agreement.
Aliyev said he would discuss the possible extension of the reduction of world oil production agreement at a meeting planned on Wednesday with his Saudi counterpart Khaled al - Faleh.
He told reporters , "We will discuss several issues , including , of course , the policy of (OPEC) regarding oil prices." And ends with the reduction of the existing production agreement between OPEC and producers outside at the end of next June.
The Minister of Energy and Industry Saudi Mineral Resources, Khaled Al- Faleh, announced last week that the oil - producing countries have reached a tentative agreement to extend the reduction of oil production agreement, but not with the participation of all producers.
He pointed out that the extension of the agreement period is not important because the main objective is "to balance the market.", He said . "Will it be 6 months or 9 months or a year , this is not important, stressing that the goal is still the same balance in the market."
And he saw that all the Gulf states share the same concern about what will happen to this sector over the next few years, if the decline continues in the flow of investments in the sector, which is observed in the past two years.
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