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Ukraine To Buy And Transport Oil To Europe

Ukraine's oil and gas company intends to establish a JSC jointly with Azerbaijan

Ukraine To Buy And Transport Oil To Europe

Ukraine?s oil and gas firm Neftegaz Ukrainy intends to establish a JSC jointly with Azerbaijan?s state oil company (SOCAR) to purchase and transport oil along the Baku-Supsa western and Odessa-Brody pipelines to Europe, Ukrainian media reported.

The Ukrainian company?s board chairman Aleksey Ivchenko with the Azerbaijani President Ilham Aliyev were discussing signing of an agreement between the two companies on long-term cooperation in oil and gas production from Azerbaijani fields, as well as the purchase of Azeri oil and oil products by Ukraine.

Ivchenko also held talks with SOCAR president Natiq Aliyev. The parties agreed to develop documents on the mentioned issues and prepare them for signing during the visit by the Ukrainian president to Azerbaijan due this July.

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