The Ministerial Meeting of OPEC and non-OPEC countries will be held on Monday

Azerbaijan was invited to the Ministerial Meeting of OPEC and non-OPEC countries to be held in video conference format on April 6 to stabilize oil market. It is intended that ministers of OPEC and  non-OPEC countries will attend at the meeting and a new "Declaration of Cooperation" will be discussed.

60 permits were issued by Ministry of Energy in the first quarter of this year

In the first quarter of 2020, the Ministry of Energy has issued 60 permits for the export, import and transit of goods (works, services, and results of intellectual activity) that are subject to export control. 52 of the issued permits were related to imports of goods subject to export control, 6 to export of goods subject to export control, and 2 to the transit of goods subject to export control.

Oil production in Azerbaijan will continue in compliance with the plan of 2020

Azerbaijan will be exempted from its obligations of restricting the oil production from 1 April. The implementation of the Declaration on Cooperation signed on 6 December 2019 on the reduction of daily oil production by 1.7 mln barrels in “OPEC plus” countries finishes today. During this period Azerbaijan fully performed obligation of 27,000 barrels within the Declaration on Cooperation.

The Ministry of Energy and Energy Regulatory Agency under the Ministry transferred 139,606 manats to the Fund to Support Fight Against Coronavirus

The Ministry of Energy and Energy Regulatory Agency under the Ministry have joined the initiative to transfer funds to the Fund to Support Fight Against Coronavirus set up in accordance with the Decree of the President of the Republic of Azerbaijan as part of measures regarding the protection of health of population and strengthening the fight against coronavirus infection (COVID-19) in the country.