Azerbaijan. It's a small country, next to Georgia and Armenia and north of Iran. F1 doesn't race there. But apparently, Bernie Ecclestone and Flavio Briatore have come together to bring F1 there in 2015. Or 2016. Or never. One of the three.
Bernie Ecclestone told this to the always accurate and reputable Daily Mail (please read that sentence with the most sarcasm you've ever experienced. Seriously. Your tone over the "accurate and reputable" part should make Don Rickles seem serious), so take this with a gigantic grain of salt.