The cartel now decided to increase production by 400,000 bpd every month starting in August until it reaches production levels at the end of 2019.

Gross Domestic Product (GDP) grew 2.1 percent in January-June this year from a year earlier backed by the growth in the non-oil sector.

In May, the government cut its forecast for gross domestic product (GDP) growth to 4.1 percent from 4.6 percent in 2021 and to 3.8 percent from 4.3 percent in 2022.

Skirmishes continued around the still undefined border, now more than eight months after Azerbaijan reversed three decades of humiliation by retaking long-occupied areas.