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No invitation for OPEC meeting so far, says Azerbaijan

Oil&Gas Materials 24 February 2016 20:45 (UTC +04:00)

Baku, Azerbaijan, Feb. 24

By Maksim Tsurkov - Trend:

Azerbaijan has not so far received an invitation to participate in a possible meeting between OPEC and non-OPEC producers, the country's Energy Ministry told Trend Feb. 24.

Earlier, Venezuelan Oil Minister Eulogio Del Pino said that a meeting of the OPEC member states and other oil producing countries on oil output freezing may take place in mid-March.

"If such an invitation comes, we'll be ready to consider it," said the ministry.

Russia, Saudi Arabia, Qatar and Venezuela held talks Feb. 16 on the current oil market situation in Qatar's capital, Doha, and agreed to freeze their output if other countries follow the suit.

The proposal was later backed by Ecuador, Algeria, Nigeria and Oman.

Meanwhile, according to Azerbaijan's Deputy Energy Minister Natig Abbasov, the country doesn't plan to freeze its oil output.

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Follow the author on Twitter: @MaksimTsurkov

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