Azerbaijan’s Energy Minister to attend OPEC meeting in Vienna

Baku, December 5, AZERTAC OPEC will meet non-OPEC countries to finalize a global oil limiting pact on December 10 in Vienna, according to Reuters. Azerbaijani Minister of Energy Natig Aliyev will participate in the meeting. OPEC agreed this week to reduce output by around 1.2 million barrels per day (bpd) beginning in January in a bid to reduce global oversupply and prop up prices. It hopes non-OPEC countries will contribute another 600,000 bpd to the cut.