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Saudi Arabia Seeks Establishment of Economic Relations with Azerbaijan: Diplomat

Oil&Gas Materials 10 October 2008 14:31 (UTC +04:00)

Azerbaijan, Baku, 10 October / Trend corr. A.Badalova/ "Saudi Arabia seeks establishment of economic relations with Azerbaijan," Suleiman Durayvish, Saudia Arabia's temporary representative in Azerbaijan, said to Trend .

"The economic relations between Saudi Arabia and Azerbaijan are too weak at the moment. But we want them to improve and develop," said representative.

According to the Azerbaijan State Statistical Committee, trade turnover between Azerbaijan and Saudi Arabia totalled only $678,000 in January to July 2008.

Durayvish said Saudi Arabia would try to provide balance between the economic and political relations, with last currently maintained at due level.

According to diplomat, the Saudi Arabian Government intends to consider transportation of oil in near future.   

"There are no oil transportation contracts with Azerbaijan. But Saudi Arabia will consider the issue in near future," he said.

Saudi Arabia will consider economic approachment with Azerbaijan next month, he said

The correspondent can be contacted at [email protected]

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