President: Azerbaijan fulfils its obligations on oil output cut

President: Azerbaijan fulfils its obligations on oil output cut
  • Clock-gray 09:45
  • calendar-gray 19 January 2017

“If OPEC and non-OPEC countries make a decision on further cut back on oil output, Azerbaijan is ready to support this decision. As you know, we have assumed an obligation on reduction of output 35,000 barrels per day. We’ll fulfil this obligation. We have reduced output 35,000 barrels for now. If a decision is made on reduction of output more, we’ll support this decision. I think all countries should be solidary in this process”, he said.

 

Answering the question on extension of period of the decision, the president said: “This decision is related to fulfilment of current decision. If the price is stabilized, I think there will not be any need to cut the output”.

 

 

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