Azerbaijan Considers Possible Membership with OPEC

The Organization of the Petroleum Exporting Countries and Azerbaijan are discussing deepening cooperation. including possible Azeri membership of OPEC. two sources familiar with the talks told Reuters on Monday.

OPEC Secretary-General Mohammad Barkindo was on a visit to Baku on Monday where he was meeting the Azeri energy minister Parviz Shahbazov.

“Barkindo and the energy minister discussed prospects of future cooperation between Azerbaijan and OPEC.“ one of the sources said. “There are three options. First – OPEC membership. the second – to become associate member and the third – to continue cooperation the way it is now.“

OPEC’s headquarters in Vienna could not immediately be reached for comment. The Azeri energy ministry did not immediately reply to a Reuters request for a comment.

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