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Ukraine wants more Azerbaijan's oil, gas

1 July 2016 18:22 (UTC+04:00)
Ukraine wants more Azerbaijan's oil, gas

By Amina Nazarli

Boosting economic potential between Azerbaijan and Ukraine was on the spotlight of the 11th session of the joint intergovernmental Ukrainian-Azerbaijani commission for economic cooperation held in Baku on July 1.

Prior to the session co-chairs of the commission, First Deputy Prime Minister of Azerbaijan Yagub Eyyubov and Hennadii Zubko, Vice Prime Minister of Ukraine, Minister of Regional Development, Building and Housing and Communal Services of Ukraine held a meeting.

Following the meeting, the session started with the participation of Azerbaijani ad Ukrainian delegations.

Speaking at the event, Hennadii Zubko noted that Azerbaijan and Ukraine discussed the prospects of torganization of the Azerbaijani oil supplies to Ukrainian refineries and its transit to European countries.

“Ukraine is interested in supplies of Azerbaijani oil to Ukrainian refineries and to European countries through the territory of Ukraine. Today we have created all the necessary technical capabilities. In addition, we discussed the possibility of investing in oil and gas industry of Ukraine by Azerbaijan," he said.

The sides discussed the prospects of organizing the supply of light oil through the southern branch of Ukrainian oil pipeline "Druzhba" to refineries of Czech Republic, Slovakia and Hungary, according to Zubko. They confirmed their interest in the speedy implementation of this issue.

Following the meeting, the sides signed a protocol of the XI meeting of the Joint Ukrainian-Azerbaijani intergovernmental commission on economic cooperation.

Ukrainian delegation also plans to hold meeting with various ministries and agencies of Azerbaijan, as part of the visit.

Sharing his opinion regarding the event, the Ukrainian vice prime minister called the session very important for the development of bilateral ties.

“We have defined the road map, which should give an answer to a simple question: how to increase export and import trade turnover between our countries. Our countries have great potential. And those four areas that have been identified at the commission meeting such as transport, energy, agriculture and engineering are the potential that can develop relations between the two countries,” he emphasized.

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Amina Nazarli is AzerNews’ staff journalist, follow her on Twitter: @amina_nazarli

Follow us on Twitter @AzerNewsAz

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