Iran’s Oil Minister Bijan Namdar Zanganeh met Azerbaijan’s Energy Minister Parviz Shahbazov in Tehran on Tuesday, December 22, to discuss “recent developments in the region and the global oil market”, Shana reported.
During the meeting, Zanganeh underlined Azerbaijan’s beneficial role as a member of the alliance between Organization of Petroleum Exporting Countries (OPEC) and non-OPEC members, and stated: “Iran has close relations with Azerbaijan and the oil cooperation between the two countries is under the framework of the OPEC+.”
Azerbaijan’s Energy Minister Shahbazov, in turn, emphasized the close political and economic relations between the two countries and expressed gratitude for Iran’s significant role in OPEC+ constructive decisions, saying: “As part of this coalition, we were able to resolve the crisis of the oil market in April.”
“The OPEC Plus mechanism is a good tool for amending the oil market in the current situation, but for it to be more effective, this coalition must be developed. It is true that we are taking action, but the crisis remains,” Shahbazov stressed.
In regards to the country’s need for natural gas as fuel for its power plants, the Azeri energy minister said: “I hope we can use Iranian gas, and I also appreciate the Iranian exports of gas to Nakhchivan.”