Russian Olympic chief to attend IOC summit on WADA reformationsSport September 30, 15:54
Naftogaz claims over $22bln in compensation from Gazprom in Stockholm courtBusiness & Economy September 30, 15:52
Most part of permits for Turkish Stream obtained — GazpromBusiness & Economy September 30, 15:30
Syrian opposition member says Russian campaign saved country from demiseWorld September 30, 15:17
Russian MP says investigators' conclusions on MH17 crash 'premature'Russian Politics & Diplomacy September 30, 14:58
UEFA says no disciplinary actions launched over banana incident at PSV-Rostov gameSport September 30, 14:47
Sea Launch HQ to move from Switzerland to Moscow — new ownerScience & Space September 30, 14:39
Kremlin favors decision to invite Russian ambassador to Dutch Foreign Ministry over MH17Russian Politics & Diplomacy September 30, 14:38
IBM sees no risks to Russian business from localization trendsBusiness & Economy September 30, 14:34
BAKU, February 16. /TASS/. Azerbaijan has no plans to freeze oil output, a source in the country’s energy ministry said Tuesday.
"Azerbaijan has no plans to freeze oil production," the source said.
Meanwhile deputy energy minister Natiq Abbasov said in an interview with Baku-based information agency Trend that "Azerbaijan’s share in global oil output is minor and does not affect price assessment."
As was reported earlier, the talks between Russian Energy Minister Alexander Novak and representatives of OPEC member-states in Doha (Qatar capital) resulted in an agreement to freeze oil production at January levels in case other oil producers join the initiative.
In 2015, Azerbaijan produced 41.7 mln tonnes of oil, with daily production standing at around 0.8 mln barrels.