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Azerbaijan intends to consider the invitation and coordinate its participation in the meeting.

Leader in electricity consumption. leader in solar power and in future EV sales according to most observers.

The majority of members support the extension of the plan. but the final decision should be taken at the next OPEC meeting.

OPEC and allied oil producers should extend their production cuts beyond March to help rebalance the market.

The company has hired JPMorgan Chase &. Co.. Morgan Stanley. HSBC Holdings Plc. Moelis &. Co. and Evercore Inc. to advise on the IPO.

The cartel is said to be leaning toward a nine-month extension of the cuts to the end of 2018.

With an extraction rate of 16%. Azar is one of the joint fields with Iraq. along with Dehloran. West Paydar. Naft-Shahr. Azadegan and Yadavaran.

The Saudi government plans to list five per cent of Aramco’s shares in 2018.

An explosion of a pipeline on Friday suspended the supplies of oil from Saudi Arabia to Bahrain.

OPEC and its allies are discussing extending their supply pact for as long as nine months.