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Azerbaijan to cut oil production by 35.000 barrels per day

Oil&Gas Materials 10 December 2016 22:50 (UTC +04:00)
Azerbaijan to cut oil production by 35.000 barrels per day
Azerbaijan to cut oil production by 35.000 barrels per day

Baku, Azerbaijan, Dec. 10

Trend:

Azerbaijan to cut oil production by 35.000 barrels per day, Azerbaijan’s Energy Ministry told Trend.

OPEC has persuaded 11 non-member countries to cut their oil production in an attempt to raise low prices that have put pressure on government finances in resource-dependent countries, AP reported.

Qatari Energy Minister Mohammed bin Saleh al-Sada said Saturday that non-members agreed to cut 558,000 barrels per day, less than the 600,000 OPEC had hoped for.

Those non-member cuts would come on top of an OPEC decision Nov. 30 to reduce member output by 1.2 million barrels a day.

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