Azerbaijan’s Energy Ministry welcomed the decision and is now scheduled to produce 661,000 bpd in January.

Uzbekistan, a double-landlocked country with almost 35 million people, has been actively promoting the South and Central Asia rail link that will go through its war-torn neighbour Afghanistan, giving it access to the ports of Karachi, Gwadar and Qasim.

The commission fee was cut to 0.027 percent from the current 0.05 percent to introduce a flexible tariff policy.