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Ukraine eyes to boost co-op with Azerbaijan in oil gas industry ministry

Azerbaijan may become one of the new sources of gas supplies to Ukraine in order to strengthen its energy security

Ukraine eyes to boost co-op with Azerbaijan in oil gas industry ministry

Source: Courtesy of TAP

Baku, August 19 - Neftegaz.RU. Azerbaijan is Ukraine's strategic partner in energy sphere and the cooperation in the development of oil & gas industry is of special importance, Ukraine's energy ministry told Trend .

The ministry said:
  • Ukraine and Azerbaijan held a meeting of the working group on energy in June 2021 in order to intensify the bilateral cooperation
  • The sides highlighted the positive dynamics of collaboration in the oil & gas and oil transportation spheres and agreed to boost ties not only in the oil and gas, but also in renewables and electricity generation
  • They focused on oil supplies to target oil refineries in the Central and Eastern Europe via the Druzhba oil pipeline and pointed out that the project of Azerbaijani oil supply via the Odessa-Brody and southern branch of Druzhba is an important step aimed at ensuring reliable crude supply and strengthening of the region's energy security
Ukraine and Azerbaijan also talked about the process of implementation of the Brody-Adamova Zastava oil pipeline, which is the key part of the Euro-Asian Oil Transportation Corridor and reiterated readiness for constructive and mutually beneficial cooperation on this project.

Moreover, Ukraine makes efforts to ensure the development of ports infrastructure and diversification of oil products' supply, thereby strengthening its energy security.

Ukrtransnafta is modernizing the Yuzhny offshore oil terminal for transshipment of light oil products.
There were held talks with Kremenchuk oil refinery and Azerbaijani oil suppliers as part of the efforts to intensify the cooperation in ensuring Azerbaijani oil supplies to Ukrainian refineries.

These talks ended with the singing of a corresponding service agreement between Ukrtransnafta and Ukrtatnafta for oil transportation to Kremenchuk refinery via the Odessa-Yuzhny-Kremenchuk route.

Oil transportation via this route began in March 2017.
The volume of Azerbaijani oil transportation via Odessa-Yuzhny-Kremenchuk stood at 921,800 in 2020.

Source : Neftegaz.RU


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