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I have recently made an official statement that in order to regulate and stabilize the world oil market and increase the oil price, Azerbaijan unilaterally declares that it will not increase the production and exports of oil. This is a very responsible position. I want to say it again that we are declaring this unilaterally. We believe that other oil countries will support this approach and take similar steps. Only in this case can we stabilize the oil market. Oil-rich countries will also receive a fair price for their natural resources. 

From the statement for the press at the joint press conference with President of the Bolivarian Republic of Venezuela Nicolas Maduro
22.10.2016
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