Supply of Azerbaijani oil products to Kyrgyzstan requires great transportation costs

Azerbaijan, Baku, Jan.19 / Trend V. Zhavoronkova, E. Ismailov /

The issue on supply of oil products by the State Oil Company of Azerbaijan (SOCAR) to Kyrgyzstan was left open, Kyrgyz Oil Traders' Association President Jumakadyr Akeneev told Trend on Thursday.

Yesterday, it was expected to discuss the supply of oil products within SOCAR head Rovnag Abdullayev's visit to Kyrgyzstan. However, the agenda only included construction of an oil refinery with a capacity of 2 million tons by SOCAR in Kyrgyzstan. The agreement was reached was reached at a meeting of the Kyrgyz President Almazbek Atambayev and SOCAR head Rovnag Abdullayev on Thursday. The oil refinery is expected to be commissioned in late 2013.

"Yesterday [...] the agenda included construction of oil refinery. Representatives of the Azerbaijani delegation said they were not ready to discuss supply of fuel and lubricants to Kyrgyzstan, as they came only to discuss construction of the oil refinery. The issue was left open," Akeneev said.

He said Azerbaijan and Kyrgyzstan are located at great distance from each other, and therefore, arranging the whole logistics process is quite difficult. Transportation costs will be sufficiently high when arranging oil products supply by the Azerbaijani side.

As Akeneev said, in this case, first, there is no guaranteed transportation route. In particular, it remains unknown whether it would be possible to arrange supplies through Turkmenistan and Kazakhstan, and ensuring transportation through Russia requires overcoming a large distance.

"Therefore, a ton rises in price by $200-$250, and this issue stands no longer in economic terms," Akeneev said.

Akeneev said 300,000 tons of fuel and lubricants may be supplied from Azerbaijan to Kyrgyzstan per year. Although Kyrgyzstan has a contract with Russia, the country wants to diversify sources of fuel and lubricants supplies.

The sides, according to Akeneev, can either create a joint venture, or reach an agreement on the direct supply of oil products to the republic.

Akeneev estimated the country's demand for fuel and lubricants for 2012 at one million tons.

Iran, Russia seeking to expand scientific cooperation
Iran, Russia seeking to expand scientific cooperation
Iran's plan to develop paddy fields fails, farmers demand compensation
Iran's plan to develop paddy fields fails, farmers demand compensation
Iran to announce decisive decisions on combating COVID-19
Iran to announce decisive decisions on combating COVID-19
Loading Bars
Latest
Canada will spend big to combat coronavirus, saying now is 'not the time for austerity'
Chilean capital's metro in full operation after damage from social unrest
Brazil's COVID-19 death toll nears 139,000
3 policemen, 4 prisoners dead in foiled jailbreak attempt in Egypt
Saudi king stresses continuous efforts to promote global COVID-19 response
Egyptian FM heads to Jordan for quartet Arab-EU meeting on Palestinian cause
Belgium to relax face mask rules
Finland, Norway and Sweden announce wider military cooperation
Singapore to permit more people back to workplace in easing COVID-19 control measures
Money transfers from Azerbaijan to Russia down in 2Q2020
Vaezi: Legal proceedings underway to receive South Korea's debts
Turkmenistan to help Afghanistan complete railway to Tajikistan border
Exports of knitwear from Georgia to Turkey down
Kazakhstan raises chemicals import from Turkey
Mali risks 'economic paralysis' from post-coup embargo: trade group
New residents in Azerbaijan’s Balakhani Industrial Park
Georgia slightly ups import of grain, legumes from Turkey
Iran, Russia seeking to expand scientific cooperation
Italy's goods export to Kazakhstan down twofold
Anglo Asian Mining increases payments to shareholders
Uzbekistan slightly reduces imports of leather goods from Turkey
Chairman of State Duma of Federal Assembly of Russia talks Azerbaijan’s territorial integrity (PHOTO)
Get rewarded with Azercell!
Chairman of Public Organization of Udi people thanks Azerbaijan
Agricultural production up in Azerbaijan’s Nakhchivan
Iran's plan to develop paddy fields fails, farmers demand compensation
Iranian trucks carrying tomatoes stuck at Pakistani border
Saudi Arabia explores wind potential in Uzbekistan
Azerbaijan to purchase COVID-19 vaccine
Iran to develop power cooperation with Afghanistan
Iranian Energy Exchange announces products to be on sale September 26
IranAir to resume flights to Germany after several months
Volume of cargo movement through Azerbaijani ports increases
Iran discloses volume of wheat purchased in Ardabil Province
Energy Community: 2020 - remarkable year in terms of Georgia's ability to continue on its reform path
Iran to announce decisive decisions on combating COVID-19
Kazakhstan taking measures to increase railway border stations capacities
Tesla expects approval for battery cells plant in Berlin
UK Brexit border delays 'likely to worsen' in January
Georgia sees decrease in car re-exports
Import of Turkish clothes by Iran plunges
Iran’s Bahar Azadi gold coin price continues to rise
Parliament speaker: Azerbaijani people to never allow creation of second Armenian state on their territory (PHOTO)
Azerbaijan confirms 173 more COVID-19 recoveries
Oil accounts for major part of exports from Azerbaijan to Croatia, says ministry
Volume of gas consumption in Iran revealed
Austrian OMV oil company to start gas exploration in Georgia
EAEU countries increase export of dairy products to Turkmenistan
Kazakhstan’s Oil Construction Company to buy pipes via tender
All activities for Ionian Adriatic Pipeline postponed: Croatian Ministry
Turkey's clothes export to Uzbekistan slumps
Russia eyes to build nuclear power plant in Uzbekistan
Vladimir Putin: Increase of excess income tax rates is justified step
Extraction plan for Iran's South Pars gas field determined
Azerbaijan, ADB discuss prospects for expanding cooperation (PHOTO)
Iran to begin studies related to Sanandaj-Bashmakh route
Kazakhstan Railways opens tender to buy electric generators
Review of dairy products exported by Georgia to Azerbaijan
Israel's Mobileye, Dubai's Habtoor partner on self-driving cars
Georgia exports first batch of honey to Azerbaijan
Azerbaijan developing vaccination strategy against coronavirus
Auction on placement of Azerbaijani Central Bank's short-term notes held
ADB talks opportunities for financing of projects in Azerbaijan
Kazakhstan's crude oil exports to Netherlands surge in 1H2020
Turkmen company plans to cover domestic demand for viscose thread
Volume of lending in Azerbaijan’s Nakhchivan Autonomous Republic increases
Volume of maritime cargo transshipment from S.Korea via Turkey detailed
Ukrainian International Airlines FlyUIA announces flights to Georgia
Kazakhstan's passenger cars export value to Azerbaijan revealed
Turkmen company for polypropylene production thread revealed export volumes
Turkish BOTAS discloses volume of oil shipment from Ceyhan terminal
Iran declares volume of areas put into operation in agricultural parks
Revenues of Azerbaijani Nakhchivan's mobile communication operators up
Speaker of Azerbaijani Parliament: Armenian PM's statements undermine international efforts for peaceful settlement of Karabakh conflict
Georgia's import of tubes, pipes, hollow profiles from Turkey up
Turkmenistan’s Turkmennebit exceeds volume of oil production
Non-cash payments getting increasingly popular in Azerbaijan
Kazakhstan’s QAZAQ AIR resuming flights on more domestic routes
Foreign trade turnover of Azerbaijan's Nakhchivan grows
Iran imports flu vaccine as possible medicine against COVID-19
Paris Eiffel tower evacuated
World GDP spent on energy to be halved by 2050
RAEX: Structural reforms in public sector of Uzbekistan’s economy to support the economic development
AZAL launches special flights to Ankara and Antalya
Turkey remains main importer of flours, meals, pellets from Georgia
Ways for decarbonizing operations of oil & gas companies
China's import of ready-made clothing from Turkey spikes
Geostat reveals volume of ferroalloys exported by Georgia to Turkey
Construction of Ashgabat-Turkmenabat highway continues
Asian Development Bank expanding support program in Azerbaijan
Oil & gas industry to become world’s carbon waste disposal agent
Number of people infected with coronavirus (COVID-19) in Iran exceeds 430,000
Georgians traveling to Estonia to be obliged to go through 14-day self-isolation
Value of exports from Iran’s Kohgiluyeh and Boyer-Ahmad Province climbs
GDP data of Azerbaijan's Nakhchivan revealed
Georgia reveals volume of fish exported to Azerbaijan
Azerbaijan's State Service on Property Issues to put up several enterprises for auction
Iran reveals details of exports from Yazd Province
Georgia reduces import of medicaments from Turkey
Iran threatens to exit from NPT and JCPOA
All news