Energy Minister Natig Aliyev said that Azerbaijan would support any decision aimed at the regulation, stabilization of world`s oil market and increasing the oil price.
“I don’t think that non-cartel states will protest the final decision on limiting oil production. The elimination of contradictions among OPEC member countries, especially Iran, Libya, Nigeria, and Saudi Arabia, to reach a general agreement are the most important issues," Natig Aliyev stressed.
On September 28, OPEC member states agreed on cutting their oil production to 32.5-33 million barrels per day for the whole cartel, however, no exact limits for each country have been placed. The OPEC countries are set to finalize the agreement on oil output freeze at the OPEC summit in Vienna on November 30.
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