Baku 8° C
A new oil producers’ alliance will be set up
Energy
- 10 October, 2016
- 14:18
Baku. 10 October. REPORT.AZ/ President of Venezuela Nicholas Maduro expects that at the oil-exporting countries’ meeting in Istanbul a new alliance of the oil producers will be established.
Report informs referring to the TASS, N. Maduro made this statement at the World Energy Congress in Istanbul today. He added that the new alliance will cover more countries than OPEC.
"We hope that we will succeed in founding another alliance of oil-producing countries," he said speaking about the goals of the oil exporters’ meeting scheduled for October 12 in Istanbul.
The latest news lead to jump in Brent crude price to 53 USD/barrel.
Notably, Russia's leader Vladimir Putin has today stated that the country may reduce oil output.
Author
Latest News
23:57
Paris-2024: Medals won by Azerbaijani athletes replaced with new ones
Individual sports23:43
Slovakia announces termination of emergency energy aid agreement with Ukraine
Other countries23:31
Zelenskyy: Ukraine thwarted major offensive operation of Russian forces
Other countries23:17
Gulf Cooperation Council holds emergency meeting over oil supply risks
Other countries23:11
Nadezhda Neynsky: Bulgaria in strong energy position thanks to Azerbaijan
Foreign policy22:50
UN: Risks related to Strait of Hormuz are high
Other countries22:45
Photo
Tofig Musayev: Azerbaijan continues to contribute to international efforts in combating Islamophobia
Foreign policy22:23
Photo
Coordination Headquarters convenes for meeting in Khojavand
Domestic policy22:16