OPEC Sec. Gen. to visit Azerbaijan

Trend:

OPEC Secretary General Mohammad Sanusi Barkindo will visit Azerbaijan in late May.

Barkindo will take part in the 25th Anniversary Caspian International Oil & Gas Conference in Baku, scheduled for May 30-31, reads a message posted on the website of Iteca, which organizes the annual Caspian Oil & Gas exhibition jointly with the ITE Group.

In December 2016, at a meeting of oil producers in Vienna, 11 non-OPEC member countries, including Azerbaijan, agreed to cut oil production by a total of 558,000 barrels a day. The agreement was concluded for the first half of 2017 and was extended until the end of the first quarter of 2018 at a meeting on May 25, 2017.