Russia’s energy minister hopes gas dispute between Russia, Belarus will be settled soonBusiness & Economy February 28, 12:16
Foreign Ministry says Russia open to discussion on strategic issues with USRussian Politics & Diplomacy February 28, 12:06
Diplomat says Russia not holding any talks with US on criteria to lift sanctionsRussian Politics & Diplomacy February 28, 11:55
Russian diplomat says messages Trump sends in address to Congress important for MoscowRussian Politics & Diplomacy February 28, 11:48
Construction cost of Moscow - Kazan high speed railway currently estimated at $22.4 blnBusiness & Economy February 28, 11:38
Russian ice hockey legend Vladimir Petrov passes away at 69Sport February 28, 11:34
Russian rocket-system maker produces drone enclosed in missileMilitary & Defense February 28, 11:09
Ombudsman slams Amnesty International's conclusions on Russia as ‘far-fetched’Russian Politics & Diplomacy February 28, 9:52
Thousands of people resettle from Arctic to warmer Russian regionsBusiness & Economy February 28, 8:21
DOHA, April 16. /TASS/. The oil price will be climbing up slowly and consistently to $50 per barrel by the end of 2016 after big oil producer countries seal a deal in Doha, Azerbaijan's Energy Minister Natiq Aliyev told TASS on Saturday.
"The higher is the price the better," Aliyev said. "But we expect that it will be slowly and gradually increasing towards $50 per barrel by the year's end. The next year we will be satisfied with the price of $60 per barrel.".
Natiq Aliyev told TASS, that an agreement in Doha to freeze oil output will be "gentlemen-like" as the draft stipulates no control mechanisms.
"The agreement is gentlemen-like as the countries realize that the maintained norms of output will suit the joint interests. It does not envisage any control mechanisms and each country should observe its implementation," Aliyev said, adding that he had not received any proposals to create a special supervisory body for monitoring the fulfilment of obligations.
"There is no need in a supervisory body," he said. "No proposals have come since it will have no influence on the countries.".
Aliyev also said, that Azerbaijan is set to sign an agreement to freeze oil output along with other participants in the meeting.
"We are ready to sign the agreement in a form of the draft we have seen," Aliyev said. "We have a complete understanding with Russia, as well as mutual goals and interests."
"We believe that all the delegates who arrived in Doha are set to sign it, or why then they came here," he said.