The Azerbaijani capital held its first Formula 1 race last year, utilising a 6km Hermann Tilke-designed layout incorporating part of the historic Old City.

However, the Baku race was engulfed in controversy earlier this week, when the event's promoter Arif Rahimov hit out at F1's new owners Liberty Media for making critical remarks about the race.

While Agag would not comment directly on the exchange when contacted by Motorsport.com, he did admit that Baku could be of interest for a future ePrix.

“Formula E would love to race in Baku - it’s held on a street circuit in the heart of the city, which is a perfect fit for our series,” Agag said.

“It’s a beautiful city in an emerging market for motorsport and the first race in Azerbaijan last year looked like a great spectacle. I followed the race closely on TV and everyone who was there said it was perfectly organised.

"The fan base is continuing to grow, with five times more tickets sold than this time last year. It’s crucial for motorsport to expand to new territories in order to appeal to a new set of fans.”

Agag and his team are currently forming a provisional season four calendar for Formula E, and have looked closely at venues in emerging motorsport territories, including Kazakhstan's capital Astana.

This was considered as a replacement for the Brussels ePrix this summer, before it was ultimately decided to expand the Berlin round to a double-header.

“Formula E is the electric street racing series - taking electrifying motorsport to the doorsteps of fans in some of the world’s leading cities,”added Agag.

“We want to showcase electric vehicles in their natural habitat in urban settings and bring racing to the people, in tracks just like Baku.”