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Ukraine offers Azerbaijan to refine oil at its refineries

12 March 2013 13:40 (UTC+04:00)
Ukraine offers Azerbaijan to refine oil at its refineries

Ukraine proposes Azerbaijan to refine oil at its refineries upon a toll manufacturing scheme, Energy Minister Eduard Stavitsky said at a meeting with his Azerbaijani counterpart Natiq Aliyev in Baku on Tuesday.

It is planned to refine oil at the refinery in Odessa and Kremenchug.

"We still have the pipeline, which works for the Kremenchug refinery and we can supply oil through it in case of an agreement," Stavitsky said.

He said that at present, Ukraine's task is to fully restore the refining industry, and, in this regard, there is a need not only to supply oil, but to diversify it.

Stavitsky said that Ukraine is ready to consider its participation in the development of infrastructural projects for energy supplies to Europe, in particular, in such projects as TANAP and AGRI.

Stavitsky also said that Ukraine is ready to consider the possibility of cooperation with Azerbaijan in the field of reconstruction of hydroelectric power stations, as the country has great experience in this field.

According to minister Aliyev, Azerbaijan and Ukraine have the fruitful cooperation. The relations between the two countries, in particular, in the field of economy have been developing rapidly, he said.

"Power engineering is the foundation of our relations," the Azerbaijani minister said. "We helped and we are ready to continue assisting Ukraine with oil and oil products."

He added that only Azerbaijan and Ukraine have such a body as the Council of Presidents. It is expected that Azerbaijani President Ilham Aliyev will visit Ukraine by the end of the year.

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