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Ukraine Initiates to Create a Consortium on Transporting Oil to Europe Prime Minister

Politics Materials 26 January 2007 14:47 (UTC +04:00)
Ukraine Initiates to Create a Consortium on Transporting Oil to Europe  Prime Minister

Ukraine discussed with Azerbaijan, Kazakhstan and Russia the opportunity of combining the efforts to create a consortium on transport of oil to Europe through the territory of Ukraine, the Ukrainian Prime Minister, Victor Yanukovich, stated in his interview with journalists in Davos, Switzerland, Trend reports referring to UNIAN.

We discussed the possibility of combining the efforts of Azerbaijan, Kazakhstan and Russia and will discuss how to create such a consortium that would be interested in transporting oil via the territory of Ukraine, Yanukovich said. He said that during his meeting with the President of Azerbaijan, Ilham Aliyev, while at the World Economic Forum in Davos, they had an opportunity to discuss the realization of agreements reached during the visit of the Ukrainian Prime Minister to Azerbaijan. Yanukovich said that after filling up Baku-Tbilisi-Ceyhan pipeline, Azerbaijan will be interested in new sales markets.

The Ukrainian Prime Minister considers the Odessa-Borda pipeline as one of the possible ways to transport Azerbaijani oil. Currently there are a number of options, in particular transporting the oil in tankers from Supsa (Georgia) to Odessa. In addition, there is an opportunity to construct a pipeline via the Black Sea to Odessa. Yanukovich stressed that Russia, Kazakhstan and Shell Company, which functions in Kazakhstan, are also interested in ways of transporting oil.

During the plenary session of the World Economic Forum Energy 2007: New Era of Petropolitics, the Head of the Ukrainian Government expressed his point of view towards the participation of Ukraine in the process of producing and transporting oil. The conference focused on this position and Ukraine's place in the world oil markets.

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