Baku, Azerbaijan, Feb. 2
Azerbaijan would welcome a Russia-Organization of Petroleum Exporting Countries agreement to cut production and stabilize oil prices, Azerbaijani Ambassador to the United States Elin Suleymanov told Sputnik.
"We would like to see the prices of oil to go up," he said. "That is in our interest. If the Russians and OPEC can work something out that would be great."
"Azerbaijan, which relies heavily on revenue from oil and natural gas exports, will be interested to see what is the result of the conversations between Russia and OPEC," Suleymanov said.
Russian Energy Minister Alexander Novak reported last week that Russia may engage in talks with OPEC members, including possible discussions of OPEC cutting production in light of the saturated energy market.