Azerbaijan, Ukraine work to resume Azerbaijani oil supplies

Oil&Gas Materials 12 March 2013 18:09 (UTC +04:00)

Azerbaijan, Baku, March 12 / Trend A. Badalova /

The issue of resuming Azerbaijani oil supplies to Ukraine is being considered, Ukrainian Minister of Energy and Coal Industry Eduard Stavitsky told the media in Baku today.
"We discussed the issue of resuming Azerbaijani oil supplies to Ukraine and the issue of upgrading the Ukrainian refineries with our colleagues," Stavitsky said.

He said there is a plan in this direction. The specialists of the two parties (SOCAR from Azerbaijan and the Ministry of Energy and Coal Industry from Ukraine) will consider all the details of this issue within the next 10-15 days.

Stavitsky said that one small action remains before resuming supplies. He also expressed confidence that resuming Azerbaijani oil supplies to Ukraine will be mutually beneficial.

The minister said the volume of oil supplies will not be less than the previous one, stressing that more than 1.5 million tons of Azerbaijani oil were delivered to the Ukraine in 2011.

Stavitsky said that Ukraine has also discussed the issues of LNG and LPG supplies with the Azerbaijani side.

"We are now resuming and thoroughly considering cooperation to find an effective way of using these technologies in the transit of gas supplies from Azerbaijan," Stavitsky said. However he did not refer to a possible supply volume.