Bank Of Baku

Azerbaijan invited to next OPEC assembly

Azerbaijan invited to next OPEC assembly
# 26 January 2009 10:24 (UTC +04:00)
Baku. Victoria Dementieva-APA. Russia, Azerbaijan and Norway, which do not belong to OPEC, were welcome to join as this would increase the impact of the decisions taken by the cartel, OPEC President Jose Botelho de Vasconcelos said, APA reports.
"They have been invited. They have participated (in OPEC meetings). It is in the interest of everyone that oil prices reach a certain level," said Botelho de Vasconcelos.
The next gathering of the 12-member Organisation of the Petroleum Exporting Countries to take place, as planned, in Vienna on March 15. OPEC could meet before March if Brent crude oil prices fall to below $40 per barrel.
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