19:51 GMT +312 December 2018
Listen Live
    General view of a meeting of oil ministers of the Organization of the Petroleum Exporting countries, OPEC, at their headquarters in Vienna, Austria, Wednesday, June 11, 2014 (File)

    Russia-OPEC Talks to Stabilize Oil Prices to Benefit Azerbaijan - Envoy

    © AP Photo / Ronald Zak
    Get short URL
    0 34

    Azerbaijan would welcome a Russia-Organization of Petroleum Exporting Countries agreement to cut production and stabilize oil prices, Azeri Ambassador to the United States Elin Suleymanov told Sputnik.

    WASHINGTON (Sputnik), Leandra Bernstein — On Monday, Novak spoke to Venezuela's Oil Minister Eulogio Del Pino, confirming his willingness to participate in multilateral talks with OPEC members.

    "We would like to see the prices of oil to go up. That is in our interest. If the Russians and OPEC can work something out that would be great," Suleymanov said on Monday.

    Azerbaijan, which relies heavily on revenue from oil and natural gas exports, "will be interested to see what is the result of the conversations" between Russia and OPEC, Suleymanov noted.

    Russian Energy Minister Alexander Novak reported last week that Russia may engage in talks with OPEC members, including possible discussions of OPEC cutting production in light of the saturated energy market.


    US Senator: OPEC Waging 'Market Share War' With Oil Producing Competitors
    Russia Ready to Join February OPEC Meeting With Other Non-Cartel States
    Kremlin Abstains From Comments on Russian Plans to Take Part in OPEC Talks
    Russian Energy Ministry Deliberates Coordinating With OPEC on Oil Prices
    Brent Crude Price Spikes by Over 5% as OPEC Meeting Expected
    Venezuela to Urge for OPEC Meeting on Stemming Oil Price Fall - Maduro
    Will OPEC Be Able to Make Oil Precious Again?
    Iran Petroleum Minister: Emergency OPEC Meeting Risks Hurting Oil Market
    Oil Prices Rally as OPEC Extraordinary Meeting Possibility Emerges
    OPEC Forecasts 0.3% GDP Growth for Russia in 2016
    OPEC-Agreed Lowering of Oil Extraction Doubtful - Russian Energy Minister
    oil prices, OPEC, Russia
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik