President Ilham Aliyev`s interview to Rossiya-24 TV channel (PHOTO/VIDEO)

President Ilham Aliyev`s interview to Rossiya-24 TV channel (PHOTO/VIDEO)

BAKU, Azerbaijan, Jan. 27


On January 20, President of the Republic of Azerbaijan Ilham Aliyev was interviewed by Rossiya-24 TV channel of Russia on the sidelines of the World Economic Forum in Davos.

Rossiya-1 and Rossiya-24 TV channels broadcast the interview with the head of state.

Trend presents the interview which was shown on “Rossiya-24” TV channel.

Presenter: OPEC+ is a successful format of multilateral cooperation, which has helped to determine the fair price for oil today. The deal between oil market participants has proved effective and should be extended. This opinion has been expressed by President of Azerbaijan Ilham Aliyev in an interview with our channel on the sidelines of the Davos Economic Forum.

- Given the tensions observed in the Middle East, what dynamics of the oil price can be expected this year?

- It is difficult to make a prediction. I think that both producers and consumers are satisfied with the current price level. As for Azerbaijan, a price of $55 per barrel has been included in our budget for this year. But the price is much higher now. Therefore, I think that the price will remain within this range of $55 to 65 if there are no force majeure circumstances. Moreover, the OPEC+ format is proving very effective and Azerbaijan takes an active part in the work of this format. We are reducing production in connection with our obligations, and the countries that are not members of OPEC are essentially acting in the same way as OPEC members today. Therefore, OPEC+ is a very successful format for multilateral cooperation, which has essentially determined that the price of oil today is fair in our opinion.

- In your opinion, should the OPEC+ deal be extended?

- This will be discussed in the near future, of course. But given the fact that we are seeing specific results, of course, I consider it would be appropriate to extend it. Because in the event of non-extension, we do not know how the market will react and different speculative trends may appear again. Therefore, I believe that the extension would make sense.

- In your opinion, are there any signs of multi-polarity in the world today?

- Of course, the world is developing as a multipolar one today. There are several centers of power. Of course, there are issues of concern to us, the escalation of tension in our region. But we also see positive dynamics, when countries that did not previously have such close interaction are acting almost like allies today and making a great contribution to regional stability. Therefore, a multipolar world is already a reality. I think that these trends will be strengthened over time. And this is positive because it is a guarantee of stability in the world.

- Are there any signs that one of the countries of the world is gravitating toward a more unipolar world?

- You know, large countries always have their interests outside these own boundaries, and each country wants to secure better conditions for itself and expand its sphere of influence. This is nothing new in that. We have been observing this for centuries – with a varying degree of intensity. Therefore, this is not the question. The question is that the current structure of the world order, including the structure of international relations, is such that it implies multi-polarity. If we look at permanent members of the UN Security Council, it is a reflection of the multi-polarity of the world. And no decision can be made without the consent of one of the permanent member-countries. Therefore, I think that countries shouldn’t strive to ensure unipolarity for themselves, but, on the contrary, find elements of cooperation that will benefit everyone.

- Will Azerbaijan supply oil to the Republic of Belarus?

- I don’t know. This question is not for me. This is probably a question for the oil company. We supplied oil to Belarus several years ago, but then this process was suspended at the initiative of the Belarusian side. If such a need arises again, the State Oil Company of Azerbaijan will consider this issue. Today, SOCAR Trading is one of the largest trading companies, and a large portion of the oil it sells is not produced in Azerbaijan. Therefore, purely technically, the Azerbaijani company can supply anywhere. But the issue of price, the issue of logistics, the issue related to contractual obligations – all this should be considered between respective companies.

- Thank you very much!

- Thank you!

Vietnam 2020 economic growth seen at 3%-4%
Vietnam 2020 economic growth seen at 3%-4%
Africa urged to test more as coronavirus cases exceed 500,000
Africa urged to test more as coronavirus cases exceed 500,000
India is playing leading role in global revival: PM Shri Narendra Modi
India is playing leading role in global revival: PM Shri Narendra Modi
Loading Bars
Morocco extends coronavirus emergency decree until Aug 10
UK COVID-19 deaths rise to 44,602 as another 85 patients die
WB intends to support Turkmenistan’s private-sector producers of agricultural products
Company producing mineral water in Azerbaijan’s Nakhchivan plans to expand export
Azerbaijani cannery reduces production volumes
Azerbaijan’s Lankaran cannery talks about export plans for this year
Azerbaijan confirms 548 new COVID-19 cases
Azerbaijan intends to expand e-business in 2021
Grain harvesting under completion in Azerbaijan
Georgia has sufficient potential to be good, reliable partner of EU
Turkey's ministry reveals volume of cargo transshipment through port of Izmir
Data on cargo transshipment through Turkish port of Canakkale disclosed
Application deadline for state compensation to self-employed extends in Georgia
Turkey discloses volume of cargo transshipment from Netherlands via its ports
Maritime Transport Agency of Georgia helps over 1K Georgian sailors to return home
Volume of cargo transshipment through Turkish port of Tekirdag announced
Average monthly salary grows in Azerbaijan
Turkmenistan to sale state property at auction
El Al's potential buyer requests permit to control airline
Russian Foreign Ministry: UN session initiated by Azerbaijan will be constructive
New grant program offered to farmers in Georgia
Iran's Khatam al-Anbiya Construction Headquarters replaces foreign contractors
Turkey discloses volume of cargo transshipment from Bulgaria via its ports
Azerbaijan's national communications operator modernizing backbone network
EBRD reports its activities in Georgia for 2019
Work continues to improve operations of Turkmen Railways
PWC: Azerbaijan's State Oil Fund completes 2019 with profit
Fitch approves Azerbaijan's AFB Bank’s rating
Iran's Ardabil Province Gas Company announced tender for gas transmission
Turkmen Ministry of energy opens tender for rolled metal, aluminum wire rod supply
ADB: COVID-19 pandemic significantly impacts Georgia's households, small businesses
Kuwait Fund for Arab Economic Development provides loan to Uzbekistan
EBRD unveils volume of investments in Azerbaijan in 2015-2019
Azerbaijani banks' demand for foreign currency at CBA's exchange auction down
Turkmenistan changes procedure for issuing money to entrepreneurs
Cargo transshipment from Australia via Turkish ports since early 2020 revealed
SOCAR reveals volume of transshipment through Kulevi terminal
Iran to provide loans to citizens of small apartments as part of COVID-19 help
Jizzakh Special Economic Zone of Uzbekistan increases its exports
Azerbaijan’s AFB Bank terminates cooperation with Fitch Ratings
Trade turnover between Turkey, Georgia down
Iran's Energy Ministry to assign some of its duties to municipalities
Reconstructed highway to shorten driving time from Georgian capital to Oni city
Greek economy to shrink by 7.5-10.5% this year
Uzbekistan, US to deepen strategic partnership
Georgia's gov't to subsidize grape harvest
Iran discloses monthly tax revenues
Airbus first-half deliveries hit 16-year low despite June bounce
Vietnam 2020 economic growth seen at 3%-4%
Bulgaria closes night clubs, bans spectators at sports events
Africa urged to test more as coronavirus cases exceed 500,000
Azerbaijan discloses volumes of gas exported from Shah-Deniz field
India is playing leading role in global revival: PM Shri Narendra Modi
Export of steel from Turkey abroad in 1H2020 shrinks
Rouhani: Iran's exporters help to keep country's economy afloat, competitive
Iran seeks to develop equal partnership with China
Turkey's six-month jewelry export marginally dips
Uzbek Agency for Sanitary-Epidemiological Welfare to buy protective gloves via tender
Oil slips as coronavirus fears offset gasoline recovery signs
Iran's trade possibilities growing through Sistan and Baluchestan Province
Purchases, sales of real estate shrink across Kazakhstan
Cement export from Turkey to int'l markets in 1H2020 slightly down
Georgia expecting abundant harvest of peaches, nectarines
Kazakhstan’s Air Astana reducing flights implementation to South Korea
Azerbaijan increases gas production from ACG, Shah Deniz fields
Turkmenistan participates in discussions on updating Energy Charter Treaty
Georgia launching new state program to promote domestic tourism
Agricultural cluster of Uzbekistan to use innovative sprinklers
Kazakhstan's Nur-Sultan eyeing use of RES at its future industrial park
Iran's Pasargad Steel Complex puts two plants into operation
Role of textile industry in the integration of the Turkic Council countries
S&P Global Platts: Global oil supply to contract in 2020
Kazakhstan aiming to reduce CO2 emissions in country’s civil aviation
COVID-19 infected in Iran surpass 250,000
Azerbaijani oil prices down
Int'l experts assess Georgia’s steps to support pandemic-affected citizens, businesses
Iran reveals number of licenses issued for establishment of enterprises in Yazd Province
Azerbaijani Energy Ministry discloses gas supply volume to Turkey via TANAP in 1H2020
EIB to introduce fast-track financing in Central Asia amid COVID-19 pandemic
Azerbaijani Aveta company talks flour production forecast
Iran launches production facilities in three provinces
Bosch Group to study investment environment of Georgia
Gold price edges up in Azerbaijan on July 9
South Korea's Eximbank expands financial cooperation with Uzbekistan
Uzbek-Korean JV opens tender for procurement of cartridge filters
Kazakh coal extracting venture to buy spare parts via tender
Iran's Ilam Gas Treating Company boosts production
Azerbaijani Energy Ministry announces oil production volumes for June 2020
Factory put into operation in Iran's Sistan and Baluchestan Province
EBRD increases its investments in economy of Uzbekistan
Top up your balance and get double cashback to “Umico” from Azercell!
Foreign specialists on COVID-19 arrive in Azerbaijan (PHOTO)
Kazakhstan's foreign exchange reserves up as gold prices increase
Spokesperson: MFA always stands for substantial negotiations on Karabakh conflict
Russia reports more than 6,500 new coronavirus cases
Turkmenistan, Turkey considering ways to effectively use transport corridors
Azerbaijan's Energy Ministry records decline in oil production for 1H2020
Boeing talks plane deliveries to Turkmenistan, future plans
Uzbekistan studies European construction sector standards
German exports rebound less than expected in May
All news