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Ilham Aliyev: "We fulfill our obligations to reduce oil production"


Baku believes that the agreement of the OPEC countries and outside the cartel (OPEC +) on the reduction of oil production will be extended after 2018. Azerbaijani President Ilham Aliyev told RIA Novosti, APA reports.

 

"We expect that the format that has developed - OPEC and non-OPEC - will be continued. It must continue. Now it's good that it was extended until the end of the year. But I think that it will be necessary to prolong it further, "he said.

 

Azerbaijani Preident also recalled that Baku supports the OPEC + agreement on stabilizing oil prices and even overfulfills its obligations to reduce production. "We have always supported and now support, and we are fulfilling our obligations to reduce production. Even overfulfilment".

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