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Polish Company Eager to Produce Oil in Azerbaijan

Oil&Gas Materials 17 October 2007 13:10 (UTC +04:00)
Polish Company Eager to Produce Oil in   Azerbaijan

Poland, Warsaw / corr. Trend S.Agayeva / The Polish company PKN Orlen is eager to participate in the production of Azerbaijani oil and is in talks with SOCAR in respect to this, Tzezariy Stanislav Filipovich, the deputy chairman of the Orlen Managing Board, said on 17 October.

Major priorities of possible cooperation in the oil and gas sector will be discussed in detail in Baku at the beginning of November during a meeting of the intergovernmental commission on economic cooperation.

PKN Orlen plans to cooperate with Azerbaijan within the framework of the Odessa-Brody-Plotzk pipeline project, Filipovich said. An agreement on the development of a feasibility study on the construction of the pipeline section was signed among five countries, including Azerbaijan, Ukraine, Georgia, Lithuania and Poland at the Vilnius Summit in October.

"Perhaps, a final decision will be adopted during the next summit in Kiev and Poland will become one of beneficiaries of Azerbaijani oil," he added.

According to Filipovich, the oil refinery of Orlen in Poland currently refines small volumes of Azeri Light oil. "Our plant is in a condition to refine Azerbaijani oil in bigger volumes and of different types," he added.

Orlen has seven oil refinery plants in Poland, Lithuania and the Czech Republic. The company also possesses 300 petrol stations in Czech republic, 470 in Germany and 27 in Lithuania. By 2009 the company plans to construct new petrol stations in Azerbaijan, Filipovich said.

" Azerbaijan is a big player in the world energy sector and Orlen wishes to cooperate closely with this country" he said.

Azerbaijan has 57 oil and gas fields, including 18 offshore fields. At present SOCAR have 59,170 employees.

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