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Azerbaijan and Ukraine will jointly invest in oil and gas projects

  • Jun 18, 2021 9:11 am GMT
  • 124 views
Source: 
Turan Information Agency

Baku/18.06.21//Turan: The 4th videoconference meeting of the Ukrainian-Azerbaijani working group on cooperation in the energy sector was held, the Ukrainian Embassy in Azerbaijan reported.

The meeting was chaired by Deputy Energy Minister of Ukraine Yaroslav Demchenko and Deputy Energy Minister of Azerbaijan Kamal Abbasov.

The parties highly appreciated the level of bilateral cooperation and mutual understanding in issues related to the development of Ukrainian-Azerbaijani cooperation in the energy sector. Areas of further cooperation were identified.

The meeting resulted in agreements on the continuation of cooperation in the framework of projects in the field of oil transportation; diversification of SOCAR's activities in Ukraine and increasing the presence of an Azerbaijani company in the oil product market; joint implementation of investment projects in the oil and gas sector; exchange of experience in the context of the implementation of the development of "green" energy; introduction of effective mechanisms for regulating energy markets; development of cooperation in the field of energy efficiency and energy saving. The next meeting of the working group is to be held in 2022. -0-

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