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

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

BAKU, Azerbaijan, Jan. 22

Trend:

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.

UK shopper numbers rise after launch of state-funded dining scheme
UK shopper numbers rise after launch of state-funded dining scheme
MOL Group reveals financial statements for Azerbaijan
MOL Group reveals financial statements for Azerbaijan
COVID-19 impacts entire economic process, including German-Kazakh economic relations
COVID-19 impacts entire economic process, including German-Kazakh economic relations
Loading Bars
Latest
Lebanon government resigns after deadly Beirut blast
Number of Uzbek companies operating in Kazakhstan surges
Zarif terms JCPOA as product of negative-sum to positive-sum transmission
Georgian Health Minister says increase in coronavirus cases not linked to the peak of virus
Top WHO official praises Turkey for fight, vaccine development against COVID-19
Azerbaijan's state budget revenues from State Customs Committee for July 2020 revealed
Total assets of Azerbaijan's Nakhchivan Bank grow
Iran's gold coin bubble has burst
Armenians of Lebanon have no right to speak on behalf of its people - Lebanese historian
Iran's Supreme Economic Coordination Council to discuss plan on economic breakthrough
Azerbaijani Nakhchivan Bank's total liabilities rise
Entry of Azerbaijani carriers to Georgia, Turkey resumed
Iran’s Bahar Azadi gold coin price rises
Turkey announces seven-month airfreight operations via its Ankara Esenboga Airport
Georgia expects rich corn harvest
Iranian Energy Exchange announces products for sale on August 11
Iran to inaugurate more industrial projects to develop domestic production
Taxes payments forecast of Iran's Tehran Province revealed
Urmia TPP connected to Iran's electricity network
Iran discloses amount of loans issued for agricultural machinery purchase
Volume of dairy products imported to Georgia decreases
Turkmen private companies participate in new construction projects in country
Kazakhstan's passenger cars export to Russia up year-on-year
Iran discloses number of enterprises put into operation
Georgian Lazi Company rehabilitates tea plantation with support of TBC Bank
Turkish ministry announces data on passenger traffic via new Istanbul Airport
DEG finances investments in financial, manufacturing, infrastructure sectors of Georgia
Data on half-year cargo shipment through Turkish Bandirma port disclosed
Kazakh national atomic company's subsidiary opens tender for industrial dev't
Azerbaijan's social fund opens tender to construct residential building for IDPs
Azerbaijani-Turkish Air Force fighters perform training flights (PHOTO/VIDEO)
Export of ammonium nitrate from Georgia decreases
Iran announces number of licenses issued for carpet weaving
MP: Creation of Azerbaijan Investment Holding can free economy from oil dependency
Kodak shares plunge after U.S. blocks $765 million loan deal
Kazakhstan sets priority dev't areas in agriculture
Turkey announces 1H2020 cargo movement via its Botas port
Turkey discloses 1H2020 volume of Libya-sent cargo transshipment via its ports
Half-year cargo shipment from China via Turkish ports announced
Details on volume of 1H2020 cargo movement through Turkish Bartin port unveiled
Georgia imposes restrictions in Mestia municipality due to coronavirus cases
Iran boosts car manufacturing
JP Morgan revises down global oil demand forecast
Various manufacturing ventures to be launched in Kazakhstan's Nur-Sultan in 2020
Dutch company plans to introduce vertical farming technology in Uzbekistan
JP Morgan: OPEC+ production to increase by 4.3 mbd from its bottom in April through December
Iranian banks not allowed buying Justice Shares below market value
OPEC+ might be facing another decision around October
Azerbaijan confirms 278 more COVID-19 recoveries
Weekly review of Georgian capital market
Second largest snail producer to appear in Georgia
Turkmenistan’s Turkmennebit to buy equipment via tender
WHO delivers another shipment of humanitarian aid to Uzbekistan
Iranian South Oil Company: country's oil industry moving towards product branding
Supply from banks at Azerbaijan's CBA deposit auction again significantly tops demand
Foreign demand on Turkish leather products reduces
Six-month cargo shipment via Turkish Trabzon port revealed
Issues of deepening cooperation with WHO discussed at Turkmenistan's Ministry of Foreign Affairs
UK shopper numbers rise after launch of state-funded dining scheme
Turkey discloses half-year cargo shipment via its Izmir port
MOL Group reveals financial statements for Azerbaijan
Georgian Wissol Group to revise fuel prices amid global trends
Turkmen garment factory discloses volume of manufactured products
Uzbekistan cement imports falls during 1H2020
Iran discloses number of restored enterprises
PASHA Kapital continues to lead in volume of operations on Baku Stock Exchange
Iran boosts exports via Khorramshahr customs
Zanganeh: most of Iran's oil equipment supplied at expense of domestic production
Iran reveals number of licenses issued to industrial enterprises in Bushehr Province
Iran-Afghanistan-Uzbekistan transit corridor activated
Uzbekistan to accelerate development of country's Sokh district
Azerbaijan's social fund for IDPs to construct four-storey building via tender
Data on transactions at Turkmen State Commodity Exchange for July 2020
Marriott posts first quarterly loss in nearly nine years as virus hits bookings
Over half of transactions at Baku Stock Exchange account for public securities
COVID-19 impacts entire economic process, including German-Kazakh economic relations
Iranian minister: Iran should not be afraid of lack of oil exports
Iran reveals number of wagons needed for Tehran metro
Baku Stock Exchange reveals transactions on corporate securities in 1H2020
President Ilham Aliyev attends sail away of Garabagh field jacket (PHOTO/VIDEO)
Rights for subsoil use of hydrocarbons be issued via online auctions in Kazakhstan
Volume of half-year LPG shipment via Turkish ports announced
Mortgage lending provided via state grows in Azerbaijan
Russia becomes main importer of Uzbek textile
Cargo movement via Azerbaijani part of TRACECA down since early 2020
Croatian media features Armenians' hate crimes against Azerbaijanis
Iran reveals its COVID-19 data for August 10
Hoagland: Southern Gas Corridor is very important achievement for energy security in Europe
Azerbaijani president phones president of Belarus
UK says getting children back to school is a national priority
ISO: Turkmenistan adheres to int'l quality standards
Azerbaijani oil prices (August 3-10)
Hoagland comments on distortion of his remarks by VOA Armenian Service on Karabakh conflict
Uzbekistan increases revenues of its state budget
Rally in support of Azerbaijani army held in Israel
Kazakhstan increases export to Netherlands despite COVID-19
Iranian official: water level in Caspian Sea decreases
Iran-Iraq Shalamcheh border reopens after week of closure
Global commercial insurance rates up 19% in second quarter
Georgia to cover 6 months of interest on agriculture loans
All news