Energy Minister Parviz Shahbazov met with Prince Abdulaziz bin Salman Al-Saud, the Energy Minister of the Kingdom of Saudi Arabia, at the OPEC event in Vienna, Report informs, citing the Ministry of Energy.
The issues of energy cooperation within OPEC Plus and in a bilateral format were discussed at the meeting.
The sides exchanged views on the current status of the global oil market, and measures taken to voluntarily cut output within the regulatory process. The importance of multilateral cooperation based on dialogue in order to avoid problems of instability and lack of energy in energy markets in the future was emphasized.