Azerbaijan, Baku / corr K.Ramazanova / Azerbaijan is an important and inseparable section in the chain of participants of the Odessa-Brody-Plotsk oil pipeline project, Stepan Volkovetskiy, the Ukrainian Ambassador to Azerbaijan, said.
"Following the implementation of the project, as well as Azerbaijan's entrance in it, participants' interests will be observed in equal terms," he said.
The Odessa-Brody main oil pipeline was built in 2001. It has been exploited for several years. At the end of June 2004 the Government of Ukraine decided to use this pipeline for the Russian oil transportation in reserved regime.
The project is important from the aspect of world routes of the Caspian oil delivery to European markets. "This project is also important for Ukraine," he said.
"The European Union is very much interested in this project and allocated enough funds in this respect," Volkovetskiy said.
According to Volkovetskiy, the project functions not on its direct appointment, because it does not transport the Caspian oil to European countries, but carried out Russian oil delivery to Odessa port.
Sarmatia Joint Venture was established to carry out the project on the construction of the Brody-Plotsk, where Ukraine, Azerbaijan, Poland and Georgia hold equal shares and Lithuania retains definite share. Major direction of the company's activities is the development of an estate document, attraction of investment and provision of construction work.