Azerbaijan to cut oil production by 35.000 barrels per day

By  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.