Baku, Kiev to strengthen co­op­er­a­tion

Azer News - - Business - By Sara Is­rafil­bay­ova

Ukrainian Pres­i­dent Petro Poroshenko and Pres­i­dent of the State Oil Com­pany of Azerbaijan (SOCAR) Rov­nag Ab­dul­layev dis­cussed prospects of ex­pand­ing co­op­er­a­tion in the sphere of high-qual­ity avi­a­tion fuel sup­ply and its pos­si­ble pro­duc­tion in Ukraine.

The par­ties dis­cussed the “Turk­ish projects” of the com­pany, the in­volve­ment of Ukraine in them and the prospects for the fur­ther devel­op­ment of the oil re­fin­ing com­plex of the Ukrainian state. The SOCAR Pres­i­dent said that next year, af­ter the end of the strate­gic projects in Turkey, co­op­er­a­tion with Ukraine will be­come one of the pri­or­i­ties, adding that for 10 years of work in Ukraine only now there are good con­di­tions for busi­ness.

Petro Poroshenko, in turn, pointed to the strate­gic na­ture of co­op­er­a­tion be­tween Ukraine and Azerbaijan.

“I be­lieve that we should take full ad­van­tage of the op­por­tu­ni­ties for devel­op­ment and deep­en­ing co­op­er­a­tion, in­clud­ing in the en­ergy sec­tor,” he said, stress­ing the im­por­tance of us­ing this po­ten­tial for di­ver­si­fy­ing en­ergy sup­ply to Ukraine.

The sides also dis­cussed the pos­si­bil­ity of ex­pand­ing co­op­er­a­tion in the sup­ply of high-qual­ity avi­a­tion fuel and its pos­si­ble pro­duc­tion in Ukraine due to a sharp in­crease in pas­sen­ger traf­fic in Ukrainian air­ports, in par­tic­u­lar in Bo­ryspil, Lviv, Kharkiv, Dnipro, Odessa and other Ukrainian ci­ties.

Ear­lier, SOCAR En­ergy Ukraine told Az­ernews that it plans to launch five new facilities in Ukraine in 2018.

SOCAR’s re­tail network in­cludes 59 re­fu­el­ing com­plexes and two oil load­ing bunkers lo­cated in nine re­gions of Ukraine.

SOCAR en­tered the Ukrainian mar­ket back in 2009. The main ac­tiv­ity of SOCAR En­ergy Ukraine is to im­prove the network of petrol fill­ing sta­tions and or­ga­nize whole­sale of petrol and oil prod­ucts in the ter­ri­tory of Ukraine.

Azerbaijan is con­sid­ered one of the main trade part­ners of Ukraine among the CIS coun­tries.

Main goods im­ported from Ukraine to Azerbaijan re­mains as mainly met­al­lurgy prod­ucts, ma­chine build­ing prod­ucts, agro-in­dus­trial prod­ucts, and chem­i­cal in­dus­try prod­ucts. While main goods ex­ported from Azerbaijan to Ukraine are gen­er­ally prod­ucts of fuel en­ergy in­dus­try, chem­i­cal in­dus­try prod­ucts, and agro-in­dus­trial prod­ucts.

The trade turnover be­tween the states amounted to $810 mil­lion in 2017.

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