Azerbaijan, Algeria ink cooperation document in oil and gas field

Azerbaijan, Algeria ink cooperation document in oil and gas field
# 29 November 2022 16:15 (UTC +04:00)

Azerbaijan’s Energy Minister Parviz Shahbazov, within the framework of his visit to the People's Democratic Republic of Algeria, met with the Ministry of Energy and mining of this country Mohamed Arkab, Ministry of Energy told APA-Economics.

At the meeting, the successful cooperation of Azerbaijan and Algeria in the "OPEC plus" format for the purpose of balancing the global oil market was discussed. Wide views were exchanged on the activities and planned projects of both countries in oil and gas, as well as renewable energy, and energy transition.

Then in order to develop bilateral cooperation in oil and gas, a memorandum of understanding on the cooperation of the oil and gas field between the government of the Republic of Azerbaijan and the government of the People's Democratic Republic of Algeria was signed.

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THE OPERATION IS BEING PERFORMED