Baku, June 19, AZERTAC

Azerbaijan`s Minister of Energy Parviz Shahbazov has met with visiting Secretary General of the Organization of the Petroleum Exporting Countries (OPEC) Haitham Al Ghais.

Discussions mainly revolved around cooperation between OPEC and Azerbaijan within the "Declaration of Cooperation" (DoC), as well as the involvement of Azerbaijan in the regulation of the global oil market, the current situation in demand-supply dynamics and development trends.

Hailing the historical role of President of Azerbaijan Ilham Aliyev in promotion and implementation of the OPEC Plus format initiative, the Secretary General said that President Ilham Aliyev's clear views on energy security, development of the oil and gas industry and investments open up new opportunities for joint activities. “We are happy to share the same position with Azerbaijan," Haitham Al Ghais emphasized.

“The goal of cooperation within the "OPEC Plus" is to provide the world with the necessary energy for economic development. This can be possible using all types of energy,” the Secretary General stressed.

Speaking about the development of the oil and gas sector by reducing carbon emissions, which is essential for sustainable energy security, Minister of Energy Parviz Shahbazov emphasized the need for cooperation on a wider platform with the participation of Azerbaijan, OPEC, other countries and organizations based on this approach.