The representatives of Azerbaijan made for the continuation of the contract on reduction of oil production

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The Azerbaijani authorities have expressed interest in the extension agreement to reduce oil production. Information provided by the representatives of the press Agency of the energy Ministry of Azerbaijan.

The extension of the agreement is now in limbo. Most of the countries, which participated in the Kuwait meeting, and representatives of the Committee for monitoring the implementation of concluded agreements, expressed support for the extension of the term of the agreement. But the final decision has to be made in may, when it becomes clear to the market situation and will be permanently known position of all countries.

The Azerbaijani authorities have expressed their point of view, and expressed interest in the extension of the agreement to reduce production of "black gold". "At the may meeting, the representatives of Azerbaijan will vote for the extension of the Treaty on the reduction of the development resource," said Mrs. Aliyeva, who is the head of the press service of the energy Ministry of the Republic of Azerbaijan.

All held talks to discuss stabilization of oil prices, the representatives of Azerbaijan have always been in close cooperation with Russia. To stabilize the cost of "black gold" you need the cooperation of all countries developing nefteresurs.