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Minister: Ukraine proposes Azerbaijan to upgrade oil at its refineries

Oil&Gas Materials 12 March 2013 11:42 (UTC +04:00)
Ukraine is proposing Azerbaijan to refine oil at its refineries using a toll manufacturing scheme, Ukrainian Minister of Energy and Coal Industry Eduard Stavitsky said at a meeting with Azerbaijani Minister of Industry and Energy Natiq Aliyev today.
Minister: Ukraine proposes Azerbaijan to upgrade oil at its refineries

Azerbaijan, Baku, March 12 / Trend A. Badalova /

Ukraine is proposing Azerbaijan to refine oil at its refineries using a toll manufacturing scheme, Ukrainian Minister of Energy and Coal Industry Eduard Stavitsky said at a meeting with Azerbaijani Minister of Industry and Energy Natiq Aliyev today.

It is planned to refine oil at the refineries at Odessa and Kremenchug.
"We still have the pipeline which works for the Kremenchug refinery and 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 added that the Ukraine is ready to consider its participation in the development of infrastructural projects for energy supplies to Europe and in particular, TANAP and AGRI.

Ukraine is ready to consider the possibility of cooperation with Azerbaijan in the field of reconstruction of hydroelectric power stations as Ukraine has considerable experience in this field.

According to Azerbaijani Minister of Industry and Energy, Azerbaijan and Ukraine have a good relationship. In particular, in the field of the economy there have been rapid developments during the independence period.

"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 the Azerbaijani president will visit Ukraine by the end of the year.

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