“Presently, the exact date of the meeting is unknown,” the ministry said. "This issue must be coordinated with the member-states of the organization."
Azerbaijan undertook to reduce oil production from January 2019 by 20,000 barrels up to 776,000 barrels per day within the OPEC + agreement.
In early December, the member-states of the OPEC + agreement decided to reduce the total oil production by 1.2 million barrels per day from January 2019.
The reduction will be valid during six months. OPEC member-states will reduce production by 800,000 barrels, while non-OPEC countries - by 400,000 barrels.
According to the Azerbaijani State Statistics Committee, 35.47 million tons of oil and gas condensate were extracted in the country in January-November 2018, which is 0.1 percent more than in the same period of 2017.
More about: OPEC
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