- Main page
- News
Videoconference was held with participation of co-chairs of Azerbaijan-Kazakhstan Intergovernmental Commission Parviz Shahbazov and Nurlan Nogayev
A videoconference was held with participation of co-chairs of Intergovernmental Commission on Economic Cooperation between the Republic of Azerbaijan and the Republic of Kazakhstan, Parviz Shahbazov and Nurlan Nogayev.
The meeting focused on the high level of development of relations in all fields between Azerbaijan and Kazakhstan, friendly and brotherly countries with common ethnic and historical roots. The contributions of the Intergovernmental Commission to strengthen these relations were underlined. It was agreed to hold the 17th Meeting of the Joint Intergovernmental Commission on Economic Cooperation between two countries in the second half of October 2020. The suggestion to hold the 2nd meeting of the Working Groups on transit of Kazakhstan's oil and oil products through Azerbaijan and delivery of Kazakhstan's oil products to Azerbaijan, and on delivery and transportation of liquefied natural gas (LNG) from Kazakhstan through the Caspian Sea to Azerbaijan in September was reviewed.
The sides also exchanged views on cooperation within OPEC plus and the current status of the global oil market. Kazakh Minister of Energy Nurlan Nogayev stated that the measures taken by OPEC and non-OPEC countries played an important role in raising the price of oil to 46 USD per barrel.
Minister of Energy of Azerbaijan Parviz Shahbazov noted that the decision made within OPEC Plus proved to be the only mechanism in the current situation: "The positive results of the OPEC plus agreement show that we have made the right decision. We are doing our best to achieve the fulfilment of our commitments."
Other collaborative issues arising out of the activities of the Intergovernmental Commission were also discussed at the meeting.