In Azerbaijan in 1994, his desire for funds reached its peak. Selling 11 oil blocks in one go, or a large contract of more than 30 years was also Aliyev's helpless move.

What he didn't expect was that the Aqijiu oil block was not very optimistic, but turned into a super oil field with reserves of billions or even tens of billions of barrels of crude oil.

At this time, Aliyev thought about not reducing the share, but increasing the income.

Oil fields with a daily output of 150,000 barrels of crude oil, whether it is a share of 40% or 50%, will always increase the income of the oil fields with a daily output of 15,000 barrels. For the Azerbaijani society, a foreign exchange is not only a solution to the problem of being in trouble, but also a catalyst for stabilizing society.

Whether it is Aliyev's allies or his enemies, they are staring at the government's income. If the oil field's profits are insufficient, it may still cause many troubles.

However, the increase in crude oil production in Azerbaijan is not a good thing for OPEC.

Not to mention the competitive relationship between the Middle East and the Caspian Sea, the current sluggish demand for crude oil has caused headaches from OPEC members. The market has added hundreds of thousands of barrels of crude oil every day, which has made the crude oil production cut strategy they have been discussing turns into a flower in the water and a moon in the mirror.

In the past, when crude oil declined, the common practice of OPEC was to reduce production. The daily crude oil output of countries around the world was about 80 million barrels. Among them, many major oil-producing countries, such as the United States and the United Kingdom, do not export crude oil. Therefore, the only thing that really determines the amount of crude oil in the international market is the net crude oil exporter.

Generally speaking, a 1 million barrels reduction is already a big move for OPEC. Not only does international crude oil prices rise in response to the news, but they are almost in a panic.

A 1.5 million barrel or 2 million barrels cut is a state of economic crisis. For OPEC, which produces 29 million barrels per day, 12 countries have reduced their total output by 7% by 7%. On average, it is more than 100,000 barrels per country.

As for countries other than OPEC, Russia once made the decision to reduce 300,000 barrels, which is almost the limit.

However, Azerbaijan suddenly increased its production capacity by more than 200,000 barrels, close to the level of 300,000 barrels, which is equivalent to the reduction of production by the two OPEC members who contributed to Azerbaijan.

It is impossible to expect OPEC to eliminate such a big market impact at the expense of its own interests.

What they formed was not a charity organization, but a monopoly organization between countries, with the purpose of making more profits, whether it should or should not.

The Saudis are the backbone of OPEC and are also a special existence. Because the crude oil production is high enough, Saudi Arabia naturally becomes the buffer for various oil-producing countries. Whenever crude oil needs to be reduced, the rich Saudis often take the initiative to bear more reductions. Whenever the world lacks crude oil, the Saudis are always the last original provider.

Until shale oil, Saudi Arabia was almost the last barrier to world commercial oil.

So, when Aliyev appeared, the first person who came forward to receive him was the Saudis.

After a regular greeting, Jasim, who represented the Saudi oil ministry, personally sent Aliyev to the hotel, and then there were a group of greetings.

Aliyev enjoyed this process very much, but he still maintained a lot of caution.

Those who come to visit now are all here to test his words. This is because his strength is not strong enough. If he is a president of a big country, even if the other party wants to do such a thing, he should have to find his subordinates to do it.

However, Aliyev was an old KGB who came from the Soviet era. He never looked at the face too much. If the other party was not in a hurry, he would accompany him with peace of mind.

It was not until the Saudi oil ministry's appearance that the two entered the state of preparation for negotiations.

Naimiki, 59, was also a great man. He was the person who sat in the position of Saudi Arabia's oil minister for the longest time. He was still active in the oil political circle until his 70s. As his strength increased, Naimi once ranked in the top 30 of Forbes' global power list, higher than the UAE president.

Naimi was not very famous in 1994, but his strong philosophy, or his unique philosophy, is still well known to people in the oil circle.

The stable oil price, opposing the decline in crude oil prices and also opposing the rise in crude oil prices, is the completely different thing between Naimi and other oil-producing giants.

Perhaps, this is also the reason why Naimi has been working longer than other big shots.

After a few short sentences, Naimi asked his most concerned question through translation: "Is Azerbaijan willing to keep the price of crude oil stable?"

"Of course." Aliyev smiled and leaned on the sofa, saying in a very comfortable posture: "Azerbaijan has just begun to sell crude oil to the international market. If the oil price can remain stable and thus keep Azerbaijan's fiscal revenue stable, that is naturally what we need."

Oil revenue is to ensure fiscal fiscal policy, which is the demand of each oil-producing country. If it is lower than this standard, it is very difficult to promote production cuts. Iran and Iraq after the Iran-Iraq War, especially Saddam in the mad dog model, are the precedents. In the difficult period after the war, let alone let them reduce production, the main problem is to secretly increase production between the two countries.

This question was said by the gentlemen who tested earlier. Naimi nodded and said directly: "What is Azerbaijan's fiscal budget this year?"

"About US$1.5 billion." Aliyev gave a lot of water.

For Azerbaijan today, 500 million US dollars is enough to make a living. As for what you want to live well, it is naturally not enough.

According to the current oil price, even if Azerbaijan can draw half of crude oil per barrel, that is, between US$8 and US$9, Azerbaijan produces 300,000 barrels of crude oil per day. If the maintenance period is removed, the annual crude oil production will be 90 million barrels, and less than US$800 million will fall into the hands of the Azerbaijan government.

It will take a few more years before Azerbaijan will become a truly rich country when the production in the Caspian Oil Region rises sharply, increasing to 2 million or even 3 million barrels per day, and the oil price doubles and doubles again.

Naimi pondered for a moment and said, "1.5 billion is a reasonable number. However, can the President delay the high-yield period of crude oil and stabilize the current unstable crude oil price?"

"You can consider it." Aliyev smiled.

Naimi was a little excited and said: "The original plan for the OPEC Ministerial Meeting in January this year was to reduce production, but it was ultimately not concluded. Therefore, this summit is the last opportunity this year and I can get the support of His Excellency the President. I am confident that I can convince OPEC members to finally make a decision to reduce production."

"The rise in oil prices is also good for Azerbaijan today." Aliyev changed his tone and said: "However, the Caspian Oilfield has just begun to enter production, and the costs of each company have not been recovered yet, and the equipment is not very smooth. It is estimated that it will take some time to convince them to delay production..."

"It also takes time to coordinate OPEC countries. How about a month?"

"It's hard to say. In addition... delaying production will cause short-term income short-term, and the government will also need to coordinate."

Naimi leaned his head and listened to him, and wanted to roll his eyes, thinking: You just received so much contract fee, but will you still have insufficient income?

The other party was the president, so Naimi had to ask in a calm look: "Where is the time to coordinate?"

"It's hard to be sure... By the way, have you contacted Kazakhstan?"

Naimi immediately knew what Aliyev wanted to say and said with a headache: "Kazakhstan has also put forward some requirements, mainly in terms of oil pipelines and oil refineries... However, Kazakhstan's crude oil output channels are different from ours..."

"Kazakhstan has not agreed to the requirement to cut production?"

"Yes."

Aliyev said without seeing his expression: "I will discuss with my staff and make a decision."

"Thank you for your reception." Naimi had no choice but to look forward to Aliyev making a decision that would be beneficial to his side. Although OPEC can put pressure, it is not necessarily worth it just for the reduction of production of hundreds of thousands of barrels of crude oil.

Aliyev watched Naimi leave and slowly spoke, "Let me tell the news."

"Okay." His media manager nodded slightly, took the elevator in the hotel suite and left the building.

At this moment, the financial journalists who were looking for OPEC's first-hand news were anxious.
Chapter completed!