OPEC + ministers meet every month, in order to adapt its decisions to the market situation.

SOFAZ sovereign wealth oil fund holds proceeds from oil contracts, oil and gas sales, transit fees and other revenue.

A deal is described by the ex-Soviet state’s pro-Western president as a “positive precedent” despite a steep increase in price.

The EBRD is providing a 25 million euro loan for on-lending to local firms, with at least 70 percent of that aimed at financing investments in green technologies.