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Cuba eyes Azeri energy sector

29 September 2010 08:59 (UTC+04:00)
Cuba eyes Azeri energy sector

BAKU – Cuba is interested in Azerbaijan’s oil and gas sector, its deputy foreign trade and investment minister has said on a visit to Baku.

Oscar Perez said Cuba was seeking to expand its economic cooperation with the South Caucasus republic.

"We intend to establish mutually beneficial cooperation with Azerbaijan. We are ready to collaborate in the field of medicine, including within programs on fighting various diseases, as well as in the oil and gas industry."

Azerbaijani Deputy Minister of Economic Development Niyazi Safarov said Azerbaijan and Cuba could establish economic cooperation in a variety of fields.

Safarov said the two countries are currently intent on collaborating in such fields as agriculture, tourism and medicine.

"We will assess the current potential to develop relations and economic cooperation. We will closely familiarize Cuba with the Azerbaijani economy."

The trade turnover between the two countries is insignificant. The figure made up only $140,500 in January-July.

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