“That is unfair and the balance must be restored. I am sure that in that case everybody will be able to get profit and the balance of interests will be ensured. The oil-exporting countries have been facing serious losses for two years. Revenues of these countries including Azerbaijan are decreasing, which is unfair. The justice must be restored,” Aliyev said at the joint press statement with his Venezuelan counterpart Nicolas Maduro.
The oil prices dove down in 2014 following a few very profitable years and have been struggling to recover ever since, with a recent International Monetary Fund’s (IMF) prognosis predicting little significant growth in the next five years.