Azerbaijan`s Energy Minister: Azerbaijan ready to resume oil exports to Ukraine
Baku, April 7 (AZERTAC). Azerbaijan is ready to resume deliveries of crude oil to Ukraine, Azerbaijani Industry and Energy Minister Natig Aliyev told journalists.
Aliyev, who was participating at a meeting with members of the Caspian-European Integration Business Club (CEIBC), said Ukraine's interest in oil deliveries from Azerbaijan was announced during a meeting with Ukrainian Minister of Energy and Coal Industry Eduard Stavitsky.
"In this case Ukraine should create appropriate preferential terms. This issue is being discussed. If Ukraine launches relevant initiatives, Azerbaijan is ready to resume deliveries of crude oil," Aliyev said.
According to him, Azerbaijan suspended oil exports to Ukraine in 2012 due to the establishment of the Customs Union and the deliveries of Russian oil to Belarus at lower prices.
Under these circumstances, Azerbaijani oil could not withstand competition, the minister added.
With regard to the supply of Azerbaijani gas to Ukraine, Aliyev said that Azerbaijan is considering Ukraine's proposals on swap deliveries.
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