The development of the oil and gas sector by reducing carbon emissions is essential for sustainable energy security, Minister of Energy Parviz Shahbazov said at the meeting with OPEC Secretary General Haitham Al Ghais, who is on a visit to Azerbaijan, Report informs, citing the Ministry.
Shahbazov emphasized the need for cooperation on a wider platform with the participation of Azerbaijan, OPEC, other countries and organizations based on this approach.
The meeting discussed the issues related to the cooperation between OPEC and Azerbaijan within the framework of the Declaration of Cooperation, the participation of Azerbaijan in the regulation of the global oil market, as well as the current situation and development trends related to demand-supply dynamics.
The historical role of the President of Azerbaijan, Ilham Aliyev, in the promotion and implementation of the OPEC plus format initiative was highly appreciated.