Algeria, Azerbaijan examine energy investment opportunities

March 1, 2017 - Minister of Energy Noureddine Boutarfa has received, Tuesday in Algiers, Azerbaijani Ambassador to Algeria Meher Aliyev, with whom he discussed energy investment and partnership opportunities between the two countries, said the Ministry in a statement.

The two sides also discussed the evolution of oil markets and cooperation between the members of the Organization of Petroleum Exporting Countries (OPEC) and non-OPEC oil producers, said the statement.

Azerbaijan is among the eleven non-OPEC members, who committed to reducing their oil output by about 558,000 barrels a day, in accordance with the historic agreement reached with OPEC in Vienna last December.

OPEC and non-OPEC producers have lowered production by 1.8 million barrels a day since January, with a view to restoring oil market balance.

Source: http://iccia.com/?q=mediacenter/news/17472/details