Chairman of Board ‘Naftogaz of Ukraine’ NJSC Volodymyr Sheludchenko takes part in negotiations with the Vice Prime Minister of the Republic of Azerbaijan Yagub Abdulla oglu Eyubov

Kyiv, September 1, 2006

Today the Chairman of the Board of ‘Naftogaz of Ukraine’ NJSC Volodymyr Sheludchenko completed his work as a member of delegation of the Cabinet of Ministers of Ukraine during the seventh meeting of Joint Inter-Governmental Ukraine-Azerbaijan Commission on Economic Cooperation. In the framework of the Commission’s meeting Volodymyr Sheludchenko along with the Vice Prime Minister Andriy Klyuyev participated in negotiations with the First Vice Prime Minister of the Republic of Azerbaijan and Vice President of the State Oil Company of Azerbaijan Yagub Abdulla oglu Eyubov.

As the result of two days of work the participants of the inter-governmental Commission ratified the Agreement on Principals of Cooperation between ‘Naftogaz of Ukraine’ NJSC and State Oil Company of the Republic of Azerbaijan. The Agreement is expected to be officially signed during the visit of the President of Ukraine Viktor Yushchenko to the Republic of Azerbaijan.

Key principal of cooperation between Ukraine and Azerbaijan in fuel and energy complex is in particular promoting participation of Azerbaijan and Ukrainian enterprises in researching, production and processing of oil and gas on the territories of Ukraine and Azerbaijan. Head of Board of ‘Naftogaz of Ukraine’ Volodymyr Sheludchenko held official meeting on promoting and engaging Azerbaijan companies which are owners of oil in implementation of the project on transportation of light crude Caspian oil via ‘Odessa-Brody’ pipeline and potential extension of the latter to Baltic and Southern sea ports. Moreover, the inter-governmental Commission reviewed the conditions and possible supply volumes of Azerbaijan oil and oil products to Ukraine in the nearest future.

‘Ukraine and Azerbaijan have long-going partner relations in the fuel and energy complex field. The work of inter-governmental Commission proved that our colleagues from the State Oil Company are ready to participate in implementation of joint projects along with us, – claimed the Head of Board of Directors of ‘Naftogaz of Ukraine’ NJSC Volodymyr Sheludchenko. – Azerbaijan is one of the strategic partners of Ukraine in the oil field’.

Other news