2004 News Story

Saudi Arabia and Azerbaijan agree on oil and gas cooperation

Minister of Petroleum and Mineral Resources Ali Al-Naimi met in Riyadh today with Azerbaijan's Minister of Energy and Fuel Macid Karimov, with whom he discussed bilateral cooperation in oil and the situation in the global oil market. Later, the two ministers issued a joint statement on the Azerbaijani minister’s visit to the Kingdom, expressing agreement to develop economic relations in the area of oil and gas, and to continue dialogue and exchange of opinion on developments in the global oil market.