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Azerbaijan has no plans to freeze oil output — energy ministry

February 16, 18:52 UTC+3 BAKU
The talks between Russian Energy Minister and representatives of OPEC member-states resulted in an agreement to freeze oil production at January levels in case other oil producers join the initiative
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© Maxim Slutskiy/TASS

BAKU, February 16. /TASS/. Azerbaijan has no plans to freeze oil output, a source in the country’s energy ministry said Tuesday.

"Azerbaijan has no plans to freeze oil production," the source said.

Meanwhile deputy energy minister Natiq Abbasov said in an interview with Baku-based information agency Trend that "Azerbaijan’s share in global oil output is minor and does not affect price assessment."

As was reported earlier, the talks between Russian Energy Minister Alexander Novak and representatives of OPEC member-states in Doha (Qatar capital) resulted in an agreement to freeze oil production at January levels in case other oil producers join the initiative.

In 2015, Azerbaijan produced 41.7 mln tonnes of oil, with daily production standing at around 0.8 mln barrels.

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