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Ukraine and Azerbaijan to increase cooperation in fuel and energy sphere, restore Odesa-Brody project

Ukraine and Azerbaijan to increase cooperation in fuel and energy sphere, restore Odesa-Brody project
On 14 July, in the framework of the official visit to Azerbaijan, Ukrainian President Petro Poroshenko discussed prospects of cooperation in fuel and energy sphere with President of Azerbaijan Ilham Aliyev.

President of Ukraine Petro Poroshenko emphasized that the main attention had been paid to the involvement of resource potential of Azerbaijan and transit opportunities of Ukraine, Joinfo.ua reports with reference to the presidential press service.

In particular, the parties have discussed specific projects on the access for Azerbaijani investors to the Ukrainian fuel market.

“We will comprehensively facilitate this access,” President Poroshenko said.

The presidents have also discussed common work aimed at supplying Azerbaijani energy resources to the EU in the most efficient and economically beneficial way.

In particular – the restoration of the Odesa-Brody project.

“We have instructed to restore this project, because Azerbaijan supplies very large volumes of oil to the European market and is becoming a transit country for the states located on the east coast of the Caspian Sea. Thus, the restoration of this project creates good opportunities,” Ilham Aliyev emphasized.

According to him, “triangle between the Caspian, Black and Baltic Sea” has a potential for cooperation.

It should be recalled that on July 11, Canada and Ukraine signed a historic Free Trade Agreement (CUFTA) during the first visit of the Prime Minister of Canada Justin Trudeau to Ukraine. The Agreement will open commercial benefits for both countries.

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