President Ilham Aliyev meets OPEC Secretary General in Davos (PHOTO)

President Ilham Aliyev meets OPEC Secretary General in Davos (PHOTO)

BAKU, Azerbaijan, Jan. 22


President of the Republic of Azerbaijan Ilham Aliyev has met with Secretary General of the Organization of the Petroleum Exporting Countries (OPEC) Mohammad Barkindo in Davos.

Recalling a speech of President Ilham Aliyev at the World Economic Forum five years ago, Mohammad Barkindo said:

- Mr. President, if you remember, you were the first among world leaders to call on all OPEC member and non-member countries to join forces and work together at the World Economic Forum five years ago. No-one had put forward such initiatives before. You are a visionary and very determined person. Using this global platform, you encouraged all of us to consolidate and work together. Because, as you said, we were all in the same position. Because we all produced the same oil and sold it in the same markets. At that time, market prices fell by more than 80 percent.

President Ilham Aliyev: Yes, oil prices dropped to about $30.

Mohammad Barkindo: We witnessed the worst possible situation. Mr. President, we began to work as a result of your visionary leadership, your appeal. On 10 December 2016, to be more exact within 12 months, we signed a declaration on cooperation with 24 countries.

President Ilham Aliyev: That's exactly right.

Mohammad Barkindo: This happened for the first time in history. We did this thanks to your leadership, your views. We will never forget that, Mr. President. This is very important for us, and, as you noted, over the past five years we worked very closely with Azerbaijan, which remained faithful to all the decisions made.

President Ilham Aliyev: Thank you for your kind words. I am grateful to you for remembering this. On that day here in Davos, I was asked what needed to be done in connection with this, and I put forward this proposal. I am grateful to OPEC for taking this proposal seriously, and we created a truly unique partnership format. I believe there is no other international organization that would have this format, and not only the format, but that would at the same time effectively execute the decisions made. It is sometimes difficult to come to an agreement even within one and the same organization. However, the OPEC and non-OPEC countries, large and small oil producers joined their efforts. Because it was our common goal. But, of course, without your leadership, our efforts would have been inconclusive, because you, as the head of the organization, not only coordinated all the processes, but also led them. I believe and am sure that one of the reasons for success is that all countries trust you. This was a very important factor. So we had a mix of all the important elements. There was strong leadership on the part of the organization, as well as very serious cooperation between member states and non-members of the organization. I know that it wasn’t easy to achieve a certain reduction in production even between some member countries. Of course, there was a very effective monitoring process, as well as a matter of trust. I believe that all members of this process are currently trying to keep their word because it is necessary to maintain confidence. I also want to thank you for the initiative related to the holding of one of the OPEC+ meetings in Baku. I invited you and you accepted the invitation. We look forward to enhanced cooperation. Azerbaijan is already showing itself as a member of OPEC. I am sure that it will be continued this way.

Health Ministry of Turkey opens tender to set up medical laboratory
Health Ministry of Turkey opens tender to set up medical laboratory
Turkey-Ukraine trade turnover drops
Turkey-Ukraine trade turnover drops
India triples import of Kazakh-made products
India triples import of Kazakh-made products
Loading Bars
Georgian peaches to appear on Russian shelves soon
WB: Georgia ranks 24th in world in terms of remittances
Nagif Hamzayev: Everyone must be mobilized against those who violate the rules of the quarantine regime
Gold price lowers in Azerbaijan on June 3
Azerbaijani Veyseloglu Group to launch digital transformation project
Kazakhstan's Kyzylorda to apply innovative rice growing technology
Uzbekistan reveals data on state budget revenues of 1Q2020
BP to have Operator Workbench on all its offshore platforms in Azerbaijan
Turkey-Ukraine trade turnover drops
Social payments increase in Azerbaijan
Azerbaijan accounted for 7% of BP liquids output worldwide
Kazakhstan-based subsidiary of Russian bank decides against paying dividends
India triples import of Kazakh-made products
Turkmenistan launches pilot program to support start-ups
OPEC+ deal will see higher prices but muted levels of demand
No sign of peak oil demand in decade to come
Uzbekistan to start production of Volkswagen cars
Azerbaijan's oil up in price
Turkmenistan Railways passes new rules regarding passenger transportation
Non-cash transactions in Kazakhstan up due to coronavirus-related restrictions
Turkey exempts Azerbaijani citizens from visa
Turkish electricity company moves forward with its business in Uzbekistan
Turkmenistan to intensify co-operation with Russia's KAMAZ company
Geostat reveals inflation rate in Georgia
Georgian fruit processing company exports products to Russia
Weekly review of Georgian capital market
Georgia reports new COVID-19 cases
Uzbekistan aims to improve its position in international ratings
Fish processing plant to be commissioned in Kazakhstan's Kyzylorda
Azerbaijani currency rates for June 3
Armenia violates ceasefire with Azerbaijan 23 times
India's coronavirus cases cross 200,000, peak still weeks away
LNG industry to see first seasonal demand contraction since 2012
Well-known Chinese company registers as taxpayer in Uzbekistan
Uzbekistan reports 107 new COVID-19 cases
Kazakhstan’s oil producing company to buy accumulators via tender
Turkey sees drop in number of driven vehicles
IMF predicts decline in Georgia's foreign direct investments
LUKOIL opens new filling station in Azerbaijan
Kazakhstan's Samruk-Kazyna eyes selling its share in Kazatomprom
Iran's export via borders triples
WhatsApp, PayPal invest in Indonesian super app Gojek
Germany's Lufthansa posts first-quarter net loss of 2.1 billion euros
Azerbaijan sets regulations for agricultural insurance system
Kyrgyzstan reports 26 new COVID-19 cases
Number of COVID-19 cases up in Kazakhstan
S. Korea reports 49 more cases of new coronavirus, total now at 11,590
NYPD: Officers fatally shoot man pointing gun at them
Chinese mainland reports no new domestically transmitted COVID-19 cases
Brazil’s coronavirus death toll exceeds 30,000
3 killed when helicopter hits power line in California
U.S. senator wants defense bill to ban use of military against peaceful protests
At least 11 people die, hundreds injured in US protests
Number of COVID-2019 cases across globe up by over 113,000 in past day - WHO
61 more coronavirus patients die in Moscow in past day
Turkey, Russia to start joint work to develop COVID-19 vaccine
Italy's death toll from coronavirus climbs to 33,530
Israeli missile hits test target 400 kilometers away
Spain reports no new COVID-19 deaths for 2nd consecutive day
Minnesota files civil rights charge vs police in Floyd death
Britain, EU clash over financial market access: diplomats
Paris police fire tear gas at protest of racial injustice
1 killed, 3 wounded in explosion in Kabul
UK COVID-19 deaths hit 39,369 as another 324 patients die
NYC extends curfew all week; mayor says no to National Guard
U.S. sanctions four shipping firms for transporting Venezuelan oil
Saudi Arabia reports 1,869 new COVID-19 cases, tally near 90,000
Turkey's COVID-19 cases top 165,000 as new infections drop for 5th straight day
Azerbaijan discloses number of coronavirus tests
Azerbaijan presents facts on Armenia’s crimes to UN Security Council
Serbia’s coronavirus cases reach 11,454
Azerbaijan’s Lankaran cannery talks about plans for 2020
Azerbaijani company talks production of disinfection equipment for escalators
Georgian airports preparing to receive visitors
Returning of deposits in liquidated banks starts in Azerbaijan
Armenia must end annexation policy, withdraw occupying forces from Azerbaijan's territory
Six Azerbaijani insurers reduced collection of premiums from Jan. through Apr. 2020
Revenues from international visits down in Georgia
Sales through Azerbaijan's Azexport website increase
15 insurers increased collection of premiums in Azerbaijan from Jan. through Apr. 2020
New fruit storage company begins operating in Georgia
Georgia talks country's public debt management policy
LUKOIL's Kazakhstan-based plant makes first oils shipments to China
Turkey talks completion date for pier construction in Istanbul
Azerbaijani Rabitabank's financial indicators many-fold exceed CBA's minimum requirements
Turkmenistan, other participants of ECT Modernization Group to ensure energy transit
Kazakhstan to start reconstruction of runways in two more airports
Azerbaijan reports 273 new COVID-19 cases
Turkey's export of fruits to France slightly up
Azerbaijan's Central Bank holds foreign exchange auction
TOP-3 non-oil export products of Azerbaijan
Georgia signs loan agreement with Asian Development Bank
Mastercard for Azerbaijan, Turkey working on creating cashless environment
Construction of first GTL plant of Uzbekistan nearing completion
Sumgait Technologies Park ships first batches of aluminum profiles to Kazakhstan
Turkey-Kazakhstan trade turnover declines
Azerbaijan’s Agricultural Insurance Fund upgrading service quality
Union of Economists of Turkmenistan creates digital technology department
CISCO conducting consultations on participation in big innovative projects in Azerbaijan (Interview)
Renewable electricity proves to cheapest as improving technologies leads to price drop
All news